Stagecoach gets green profit lift

Transport group Stagecoach has unveiled a profits jump which it says was helped by people switching to buses and trains because of environmental concerns.

The Perth, Scotland-based company said underlying pre-tax profit rose 38% to

News of the strong results pushed Stagecoach’s shares up by 5.4%.

Stagecoach runs South West Trains and Megabus, and recently won the contract for the East Midlands rail franchise.