Profit plunge threatens First bus investment

FirstGroup’s 2016/17 financial results show that the operating profit margin for the UK bus business has dropped to just 3%, after restructuring costs
 
Uphill struggle: First’s flagging profits threaten investment in the fleet. Pictured are two recent additions to the fleet at the Millbrook test track
 
FirstGroup’s UK bus division has reported a further large fall in profits, raising concerns over its ability to fund future fleet investment and questions over whethe