Boost for FirstGroup shares amid West Coast speculation

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FirstGroup’s shares have been given a boost ahead of industry speculation that the company is to be awarded the West Coast franchise.

FirstGroup Plc has experienced its biggest monthly advance in three years as the company waits to hear whether its rumoured £7 billion bid has been successful.

Shares climbed by 0.2 pence to 256.7 pence.

Services on the London to Scotland line – the company’s last remaining franchise – are currently operated by Virgin.

Richard Branson has described FirstGroup’s bid as ‘unrealistic’ and claimed that it could only be achieved with massive cuts to the quality of the service.

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