Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Lukewarm support for FirstGroup’s sell-off and pet chain’s strong results have little impact on the City

Post Thumbnail

Shareholders in Aberdeen-based train and bus operator FirstGroup showed their displeasure over the sale of its North American school bus and transit divisions today, with 38.7% of investor votes rejecting the £3.3 billion deal at a general meeting.

The FTSE 250 company’s shares still gained 0.6p at 86p in a slow day on the London markets.

FirstGroup activist shareholder Coast Capital led opposition to the disposal plans, which needed only 50% of votes for approval.

Bosses aim for ‘constructive dialogue with all shareholders’

David Martin, the transport giant’s chairman, said: “We welcome the support of shareholders in approving the sale of First Student and First Transit.

“Through this transaction, FirstGroup will return value to shareholders, address its long-standing liabilities and make a substantial contribution to its pension schemes.

“I look forward to continuing an open and constructive dialogue with all shareholders as we look to the future.”

Good year for pet store chain

Growth in puppy and kitten club membership topped a forecast-busting year for Pets at Home.

Revenue jumped 7.9% to £1.14bn for the 12 months to March 25 as the retailer benefited from a surge in new pet ownership during the pandemic. Pre-tax profits rocked more than 35% to £116.4 million.

Shares in Pets at Home have soared throughout the year but eked out only a small gain today, up 0.2p at 463.6p.

Footsie almost flat

Meanwhile, the FTSE 100 closed down 7.26 points, or 0.1%, at 7,019.67.

AJ Bell director Russ Mould said London’s top market “seems to be on a road to nowhere at the moment”.

Brent crude oil was 0.35% higher at $68.95 a barrel, as of 7.25pm, while the pound nudged up a fraction against the US dollar to 1.4203.

Already a subscriber? Sign in

[[title]]

[[text]]