Yesterday's announcement by the Government that Portsmouth and the Isle of Wight are to benefit from as much as £102m (including matched funds) from the Department of Transport's “Transforming Cities” fund is positive for FIH. Unlike the company's Falkland Islands business, which was barely impacted by lockdown earlier in the year, the company's Portsmouth Harbour Ferry Company was hit hard, although by August it had recovered to 50% of the previous year's levels. In the short term, the benefi ....
29 Sep 2020
WHI First Light: FIH Group (FIH) - Newsflow suggests long-term benefits to Portsmouth as transport shaken up and funding distributed
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
WHI First Light: FIH Group (FIH) - Newsflow suggests long-term benefits to Portsmouth as transport shaken up and funding distributed
FIH Group plc (FIH:LON) | 215 0 0.0% | Mkt Cap: 26.9m
- Published:
29 Sep 2020 -
Author:
Nick Spoliar -
Pages:
4
Yesterday's announcement by the Government that Portsmouth and the Isle of Wight are to benefit from as much as £102m (including matched funds) from the Department of Transport's “Transforming Cities” fund is positive for FIH. Unlike the company's Falkland Islands business, which was barely impacted by lockdown earlier in the year, the company's Portsmouth Harbour Ferry Company was hit hard, although by August it had recovered to 50% of the previous year's levels. In the short term, the benefi ....