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July 8, 2020 | Financial

“Uncertainty” over First Group’s ability to continue operating

FIRST Group has acknowledged a “material uncertainty exists” about its ability to continue trading, as plummeting passenger numbers and an inability to sell its American subsidiaries resulted in a pre-tax loss of £299.6m in its 2019-20 annual results to March 2020 published on July 8.

January 7, 2020 | Financial

South Western Railway on the brink after reporting £137m loss

BRITISH franchisee South Western Railway (SWR), a joint venture of First Group (70%) and MTR (30%), is on the brink of collapse after it reported a loss of £137m in its financial results up to March 31 2019.

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