Why is stagecoach delisted?
Why is stagecoach delisted? Bus operator Stagecoach [SGC] is set to delist from the London Stock Exchange by the end of June following its recent £600m acquisition by European infrastructure fund Inframobility UK.
Does Stagecoach make a profit?
For the 2021/2022 financial year, Stagecoach reported revenues of almost £1.2 billion with adjusted profits of £72.7 million. Unite general secretary Sharon Graham said: “Stagecoach is a hugely profitable company.
What has happened to Stagecoach?
Stagecoach opts for rival takeover in blow to National Express merger plan. The British bus operator Stagecoach has dropped its support for a £1.9bn merger with National Express, instead agreeing to be taken over by a big German infrastructure fund in a £595m deal.
Is Stagecoach in trouble?
Stagecoach, which a decade back looked to swallow up National Express, now is set to be subsumed by its rival. The turnaround in its fortunes has been influenced by foreign ventures, and the pandemic has magnified all of its problems.