Trading is in line with management's expectations, with attractive price increases in North American school bus and further progress in UK bus. Nevertheless, given the lack of short-term earnings momentum we retain our Hold recommendation.
                    14 Jul 2015 
Panmure Morning Note 14-07-15
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Panmure Morning Note 14-07-15
FirstGroup plc (FGP:LON) | 208 -5.8 (-1.3%) | Mkt Cap: 1,171m
- Published: 
14 Jul 2015  - 
                                            
                                            
                                            Author:
                                                
Gert Zonneveld  - 
                                            
                                            Pages:
                                                
3  - 
                                            
                                         
Trading is in line with management's expectations, with attractive price increases in North American school bus and further progress in UK bus. Nevertheless, given the lack of short-term earnings momentum we retain our Hold recommendation.