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Half-year loss announced

Gregory steps up as new chief executive at First Group

Bus and trains group made a first half loss

Transport company FirstGroup has appointed Matthew Gregory as its chief executive, with immediate effect.

Mr Gregory is currently the Aberdeen-based firm’s chief financial officer and has been performing the role of interim chief operating officer since May.

Following the appointment, chairman Wolfhart Hauser will revert to his non-executive chairman role.

The company’s previous chief executive, Tim O’Toole, stepped down in May after the bus and train operator reported a huge full-year loss.

FirstGroup also reported a statutory half-year loss of £4.6m, compared with a loss of £1.9m last year.

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