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FirstGroup to sell Greyhound buses in US

FirstGroup signalled it is considering breaking itself up by seeking a buyer for its Greyhound buses in the US.
The Aberdeen-based company, under fire from an activist investor, is also looking at spinning off its UK buses arm, First Bus.
Matthew Gregory, chief executive since November, indicated the group's train franchises could be reviewed and its focus now would be on North America.
The group's annual loss was £97.9m, narrower than £327m a year earlier.
The company is facing pressure from one of its investors to boost returns to shareholders in the business, which also operates the distinctive yellow school buses in the US.
Its shares jumped 12% as Mr Gregory announced the overhaul of the business which currently operates a fifth of all local bus services outside London.
The group also operates a number of rail franchises, including Great Western Railway, from more than 400 stations.
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