27 February 2008

Good results for Stagecoach

Stagecoach has announced that revenue grew across all divisions of the firm in the period since October 2007. According to the group's interim management statement, UK bus, UK rail and the Virgin Rail Group all saw growth in the period compared with the same time from 12 months previously.

UK rail was the strongest performing element for Stagecoach, seeing an increase of 14% to 3 February. The UK bus division saw a 7.4%increase. The Virgin Rail Group - in which Stagecoach holds a 49% share - saw revenue growth of 12.4% for the same period.