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Analyst Views: What does the loss of Scotrail mean for the future of Firstgroup?
GERALD KHOO | LIBERUM
All companies are disappointed when they fail to win a contract bid, FirstGroup especially because they ran the line so well for 10 years. They have been shortlisted for four franchises and failed to win three, so it’s all down to the last one now, which is East Coast
NICOLAS ZIEGELASCH | KILLIK & CO
Unfortunately, there was more bad news as the ScotRail franchise was lost. With the uncertainty over future rail bids and the slow progress on the transformation plans, we continue to be neutral on the stock until there is more clarity over the future earnings base