FirstGroup chief executive Tim O’Toole has warned that turning round performance at the company’s UK bus division is proving more complex than he had anticipated.
O’Toole has pledged to reverse his predecessor Moir Lockhead’s policy of cost-cutting in favour of introducing new commercial strategies to grow the passenger base and develop new sources of revenue. However, at the presentation of the group’s interim results, he told City analysts that the pace of...
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