FirstGroup reports trading in line with expectations

FirstGroup (LSE: FGP) confirms that its overall trading performance in the current financial year aligns with the expectations set in early June during its annual results announcement.

The company anticipated “further sequential progress” for its First Bus division and expected profit from open access and rail additional services in First Rail to be at least in line with the financial year 2023.

The ongoing share buyback program, launched in December, has reached £70.9 million out of the total £75 million. Upon completion, a new £115 million buyback will commence. FirstGroup will unveil its half-year results ending in September on November 23.

Current stock price: 147.50 pence, up 1.5% during Friday morning trading in London.

12-month change: Increased by 11%.