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Author Topic: Stagecoach  (Read 715 times)
martyjon
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« on: December 20, 2018, 07:47:50 am »

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.
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stuving
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« Reply #1 on: December 20, 2018, 09:52:24 am »

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 £/$
« Last Edit: December 20, 2018, 11:32:33 pm by stuving » Logged
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« Reply #2 on: December 20, 2018, 10:44:33 pm »

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?
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stuving
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« Reply #3 on: December 20, 2018, 11:30:56 pm »

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?
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grahame
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« Reply #4 on: April 15, 2019, 01:37:53 pm »

From Daily Business

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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.
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jamestheredengine
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« Reply #5 on: April 15, 2019, 03:51:20 pm »

From Daily Business

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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.
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rogerw
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« Reply #6 on: April 15, 2019, 06:02:48 pm »

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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.
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rogerpatenall
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« Reply #7 on: April 15, 2019, 08:59:07 pm »

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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