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FirstGroup goes off the rails with £124m Greyhound hit

Greyhound

FirstGroup goes off the rails with £124m Greyhound hit

The Telegraph - By Oliver Gill

FirstGroup remains stranded in the red after an auction of its troubled Greyhound coach arm forced it to take a hefty writedown. First-half profits were obliterated by a £124m hit as First narrowed down bidders for Greyhound. The FTSE 250 company's shares, which had rallied over the summer in …

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