Company News 

FirstGroup fends off activist attack

FirstGroup fends off activist attack

FirstGroup (FGP) has avoided an overhaul of its current board of directors after shareholders voted against proposals put forward by Coast Capital, the transport group’s largest shareholder, to have six members of its board removed and replaced with the activist’s own candidates. On average, shareholders excluding Coast Capital voted more than four to one against the activist’s resolutions.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now