1 deck published between 2014-01-15 and 2014-01-15 — 56 pages, 56 analysed slides total.
Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.
FirstGroup's post-Laidlaw complexity and high-cost debt have crushed returns; spinning FirstGroup US to yield-hungry US investors, selling Greyhound, and right-sizing the balance sheet unlocks up to 191p.