Stay aboard the Stagecoach express

Anyone banking on the soaring oil price and a consumer downturn to derail shares in Britain’s bus and rail operators will have had a rude awakening in recent days.

…Yesterday’s update from Stagecoach was the best of the trio, prompting a flurry of analyst upgrades, largely due to the runaway progress of its rail operations.


Underlying revenue growth at its UK rail business, notably South West Trains, rose 13.1pc in the 48 weeks to March 30, while at Virgin Rail (49pc-owned by Stagecoach) it’s up 11.2pc. The run rate is actually slightly better than that after adjusting for the early Easter.

Telegraph