Stagecoach

Stagecoach Group Limited has announced the appointment of Bruce Dingwall to chief financial officer, effective 1 February 2023. Mr Dingwall is currently director of finance at the group and has been with the business for nearly 10 years.

Stagecoach has released preliminary results for the year ending 30th April 2022 showing positive signs of growth as demand has been recovering from the impacts of the pandemic. For the year ended 30 April 2022, revenue grew to £1,176 million from £928m the previous year and adjusted tota

Perth-based Stagecoach has abandoned plans for a £1.9 billion merger with National Express, as it agreed to a higher rival £595 million takeover.

Stagecoach Group has revealed that its annual profits plummeted by more than 80% as lockdowns caused a drastic drop in passenger numbers. For the year ended May 1 2021, the bus giant reported underlying pre-tax profits of £17 million, down £90.9m on the previous year.

Stagecoach, the UK's largest regional bus operator, has posted a 91% drop in profits for the six months to October 31.

Perth-based bus company Stagecoach has increased its efforts to mitigate the impact of the coronavirus pandemic on their businesses with its directors giving up 50% of their pay for an unspecified period of time.

Sir Brian Souter and Dame Ann Gloag have announced that they will step down from Stagecoach Group's board of directors. The group has announced Sir Brian Souter will step down as chairman on 31 December 2019 and will continue on the board as a non-executive director from 1 January 2020.