Date: 28/06/2017

Rail and bus operator Stagecoach Group has reported a 15.3% drop in full-year pre-tax profit. It has also been hit with a £84m charge at its unprofitable Virgin East Coast rail franchise, of which it owns 90%. Chief executive Martin Griffiths said revenue growth on the line had not met the expectations envisaged when it bid for the franchise in 2013-14.

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East Coast rail line woes hit Stagecoach

BBC News

Rail and bus operator Stagecoach Group has reported a 15.3% drop in full-year pre-tax profit.