FirstGroup to cease publishing March and September pre-close updates

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FirstGroup PLC has elected to discontinue trading updates around the end of its March and September trading periods, in light of changes in regulatory requirements and market practice.

In a statement, the company said: “Following discussions with a number of our shareholders and other stakeholders, the Group intends to continue publishing updates on trading after the end of the first and third quarters each financial year, in addition to its full year and half-yearly results.

“As a result, the number of trading announcements scheduled by the Group will decrease from six to four from our 2016/17 year onwards.

“The board confirms that overall results for the group in the fourth quarter have been in line with management’s expectations and there have been no significant developments since the release of our third quarter 2015/16 trading update (announced on January 28, 2016).” FirstGroup is scheduled to announce its full year results on June 14, 2016.