UK's FirstGroup falls as H1 bus passenger volumes decline

Firstgroup

18/11/2025 12:31

** Shares of British public transport operator FirstGroup FGP.L down 13.2% at 174 pence - top loser on FTSE mid-caps .FTMC index, which is down 1.1%

** Stock on track for its biggest one-day pct loss since July 2020

** Co reports 4% decline in underlying passenger volumes in its First Bus unit for the first half

** Absence of a buyback and the First Bus passenger decline has caused some investor concern, says RBC Capital Markets analyst Ruairi Cullinane

** Co also expects modest growth in adjusted EPS in FY26 and expects to at least maintain adjusted EPS in FY27

** Including session moves, FGP up 8.3% and .FTMC up 4.1%, YTD

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))