Stagecoach News

Competition & Markets Authority raises concerns over East Coast franchise

Competition & Markets Authority raises concerns over East Coast franchise

9th Feb 2015 Rail News

The Competition & Markets Authority has raised concerns over the operation of the East Coast franchise, which is due to be handed back to private hands after five years under government control. The organisation reviewed whether competition concerns could arise given the coach and rail services already operated by Stagecoach Group, which is due to take over control of the line alongside partner Virgin Rail.

Stagecoach and Virgin joint venture awarded East Coast mainline contract

Stagecoach and Virgin joint venture awarded East Coast mainline contract

27th Nov 2014 Rail News

A joint venture between Stagecoach Transport and Virgin Rail has been awarded the franchise for the East Coast mainline. The firms have agreed to invest £140 million in the route over eight years, and will pay the government £3.3 billion for the contract. The deal will be finalised pending the successful completion of a standstill period of at least ten days.

New coach-rail services for storm hit communities in South West UK

New coach-rail services for storm hit communities in South West UK

28th Feb 2014 Press Release Rail News

New coach-rail services are set to be launched to help storm-hit communities in the south-west of England, Stagecoach Group announced today (26 February 2014). The integrated service will provide a seamless link between London and the West Country using a combination of South West Trains rail services and megabus.com coaches.

Stagecoach to return £340m to investors

Stagecoach to return £340m to investors

22nd Aug 2011 Rail News

Bus operator Stagecoach has proposed returning £340 million to shareholders, following a review of its capital structure. The proposals, which require shareholder approval, are worth approximately a fifth of the company’s market capitalisation.

Stagecoach to invest £9m in new greener hybrid electric buses

Stagecoach to invest £9m in new greener hybrid electric buses

19th Oct 2010 Press Release Car Rental News

  * Fleet of 47 new state-of-the-art vehicles for Newcastle and Sheffield   * Low carbon buses will deliver at least 30% cut in carbon emissions   * Investment supported by award from Government Green Bus Fund   * Success follows Stagecoach introduction of UK’s biggest electric fleet

Stagecoach in drive to help Britain go green

Stagecoach in drive to help Britain go green

27th May 2010 Press Release Rail News

# Green Week programme to raise employee and customer awareness # Transport group offers chance to win a year’s free local bus travel # Initiative follows recognition for Stagecoach environmental progress