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FirstGroup cuts Greyhound valuation

A negative revision to passenger forecasts has hit the value of the transport group's for-sale asset
November 19, 2019

Unfortunately for FirstGroup (FGP) and its low-cost bus subsidiary Greyhound, a linchpin of its North American intercity network, faltering immigrant flows from southern US border states are having a negative impact on trading. In recent months, profits have been below budget.

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