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BUS and rail company FirstGroup may sell its iconic Greyhound bus business in the US, which came with the acquisition of American bus company Laidlaw.
FirstGroup, which is poised to enter the FTSE 100 index of leading shares, announced a review of the Greyhound business yesterday alongside a 24 per cent increase in first-half profits to Pounds 74.5m.
The group, which is the largest rail operator in Britain with a quarter of the passenger network, said its First TransPennine Express franchise had gone from strength to strength over the six months to September 30 following good passenger and revenue growth.
The TransPennine Express, which connects York, Leeds and Sheffield to Manchester, Liverpool and the Lake District, was hit by heavy flooding in June which disrupted a number of services.
Hull Trains, the...