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Title: Stagecoach Post by: martyjon on December 20, 2018, 07:47:50 Heard on BBC business news that Stagecoach have disposed of their US interests to concentrate in their UK operations. Can't be a very big US operation as price tag received for business is in the £200 - £299 million range, my memory block didn't record the figure quoted by the Beebs journalist.
Title: Re: Stagecoach Post by: stuving on December 20, 2018, 09:52:24 Stagecoach's North American business was about 20% of the whole (based on revenue), so less important than First Group's. The sale price of $M271.4 is about the same as the revenue of £M246 in the latest accounts, where its operating profit was 6.6% - better than rail or London Buses but below the regional buses that make up nearly half of their income.
Edit to read in millions of £/$ Title: Re: Stagecoach Post by: Surrey 455 on December 20, 2018, 22:44:33 Stagecoach's North American business was about 20% of the whole (based on revenue), so less important than First Group's. The sale price of $271.4 is about the same as the revenue of £246 in the latest accounts, where its operating profit was 6.6% - better than rail or London Buses but below the regional buses that make up nearly half of their income. A few hundred pounds or a few hundred million pounds? Title: Re: Stagecoach Post by: stuving on December 20, 2018, 23:30:56 Stagecoach's North American business was about 20% of the whole (based on revenue), so less important than First Group's. The sale price of $271.4 is about the same as the revenue of £246 in the latest accounts, where its operating profit was 6.6% - better than rail or London Buses but below the regional buses that make up nearly half of their income. A few hundred pounds or a few hundred million pounds? Having carefully checked, I find that it was actually millions of £. Who would ever have thought that? Title: Re: Stagecoach Post by: grahame on April 15, 2019, 13:37:53 From Daily Business (https://dailybusinessgroup.co.uk/2019/04/stagecoach-mulling-takeover-of-up-for-sale-arriva/)
Quote Stagecoach is considering a bid for rival transport group Arriva which has been put up for sale by its German owner. FTSE 250-listed Stagecoach is said to be particularly interested in buying Arriva’s bus business, according to City sources. Arriva – the UK’s largest bus operator – was acquired in 2010 for £1.5 billion by Deutsche Bahn and handles all of the German operator’s regional transport services outside Germany. It generated revenues of €5.44 billion (£4.7 billion) last year. Arriva operates more than 5,000 buses in Britain and also has divisions across Europe. It runs rail franchise Northern, which has been hit by a long-running dispute with the RMT union over the role of guards on trains. Title: Re: Stagecoach Post by: jamestheredengine on April 15, 2019, 15:51:20 From Daily Business (https://dailybusinessgroup.co.uk/2019/04/stagecoach-mulling-takeover-of-up-for-sale-arriva/) Quote Stagecoach is considering a bid for rival transport group Arriva which has been put up for sale by its German owner. FTSE 250-listed Stagecoach is said to be particularly interested in buying Arriva’s bus business, according to City sources. Arriva – the UK’s largest bus operator – was acquired in 2010 for £1.5 billion by Deutsche Bahn and handles all of the German operator’s regional transport services outside Germany. It generated revenues of €5.44 billion (£4.7 billion) last year. Arriva operates more than 5,000 buses in Britain and also has divisions across Europe. It runs rail franchise Northern, which has been hit by a long-running dispute with the RMT union over the role of guards on trains. The CMA will enjoy this one, no doubt. Title: Re: Stagecoach Post by: rogerw on April 15, 2019, 18:02:48 Quote The CMA will enjoy this one, no doubt. Especially considering that they opposed Stagecoach taking over First's north Devon operations, much smaller in scale. Title: Re: Stagecoach Post by: rogerpatenall on April 15, 2019, 20:59:07 I seem to remember hearing that, at one time, Stagecoach were the biggest operator of school bus services in the US - which is a large operation, albeit at probably a very thin margin.
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