FirstGroup says rain and floods will hit profits

Revenues at First Bus and firm’s rail business hit by floods and ‘exceptionally wet weather’ that put shoppers off from going to high streetThe bus and train operator FirstGroup has warned that its profits will suffer due to the recent severe flooding in many parts of Britain, sending its shares sharply lower.Revenues fell 9.5% in the three months to 26 December, and management expects operating profit for the whole year to be slightly lower than previously thought. Continue re