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The US is A-okay for FirstGroup

The bus and rail group is performing well across the Atlantic where profits are bumped up, thanks to the translation into the weaker pound
February 9, 2017

A revving North American business has helped transport company FirstGroup (FGP) race up the stock market on the morning of its trading update this week.

IC TIP: Buy at 112p

Each of its US bus businesses - First Student, First Transit and Greyhound - fired on all cylinders during the three months to 31 December, and earnings from this part of the company have the added bonus of translating well into the weaker pound.

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