Bob wrote:
wrote:
Reported this morning on the Stagecoach website.

http://www.stagecoachgroup.com/scg/m...06/2006-06-23/

http://news.bbc.co.uk/1/hi/business/5108854.stm

Interesting - Stagecoach is pulling out of London where buses are
regulated by TfL and investing in the north of England where
"regulation" does not appear in the transport vocabulary. Roll on the
reregulation of the eight core cities.

I'm surprised at the profit they made in London... "Stagecoach London
is estimated to account for approximately £224.6m of the unaudited
revenue and £23.6m of the unaudited operating profit of Stagecoach's
UK Bus division" - that's almost 10% of turnover.