FirstGroup shares plunge after freezing of dividend [Herald]
Date: 08/11/2012
EMBATTLED FirstGroup chief executive Tim O'Toole insisted he is backed by the rail and bus company's board after the freezing of its dividend prompted another plunge in the company's share price leaving it at less than half the level it was when he took over two years ago.
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FirstGroup shares plunge after freezing of dividend
Herald
He said Aberdeen-based FirstGroup is in talks with the Government about recovering the costs of its aborted bid for the West Coast rail franchise.
Concern over First dividend freeze after West Coast rail link fiasco
Scotsman
SCOTRAIL owner FirstGroup froze its interim dividend yesterday after the controversial withdrawal of the new West Coast mainline franchise, triggering City fears of a lower full-year pay-out.
