Stagecoach Group PLC Rail litigation judgement (2460Q)
17 Giugno 2020 - 11:53AM
UK Regulatory
TIDMSGC
RNS Number : 2460Q
Stagecoach Group PLC
17 June 2020
17 June 2020
Rail litigation judgement
Stagecoach Group plc ("the Group") notes the decision of the
High Court today in respect of its claims against the Secretary of
State for Transport regarding decisions to disqualify the Group
from three rail franchise competitions. The Court ruled against the
Group's claims.
We believe there were important issues which needed to be
determined by the court to help secure the future of the country's
rail system and our view remains that we were right not to accept
the risks in these contracts.
Nevertheless, while we are disappointed at today's ruling, we
accept the decision and move on. The country is facing a huge
challenge in fighting the Covid-19 pandemic, and all of our
energies are focused on ensuring our transport networks help the
national effort at this critical time.
ENDS
For further information, please contact:
Stagecoach Group plc www.stagecoach.com
Investors and analysts
Ross Paterson, Finance Director 07714 667897
Bruce Dingwall, Group Financial Controller 07917 555293
Media
Steven Stewart, Director of Communications 01738 442111 or 07764
774680
John Kiely, Smithfield Consultants 020 3047 2476
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCKDLBFBQLEBBF
(END) Dow Jones Newswires
June 17, 2020 05:53 ET (09:53 GMT)
Grafico Azioni Stagecoach (LSE:SGC)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Stagecoach (LSE:SGC)
Storico
Da Mar 2023 a Mar 2024
Notizie in Tempo Reale relative a Stagecoach Group Plc (Borsa di Londra): 0 articoli recenti
Più Stagecoach Group Plc Articoli Notizie