UPDATE 1-Green travellers help Stagecoach profit rise 38 pct

Newswire

(Adds CEO quotes, detail) LONDON, June 27 (Reuters) - Travellers switching from cars to bus and rail due to environmental concerns helped Britain's Stagecoach boost year profit by 38 percent as it reported a strong start to its new financial year. "Environmental issues had a major impact on both bus and rail," Chief Executive Brian Souter told reporters. "In the south, particularly the cathedral cities, we're seeing a modal shift onto the bus." Underlying pretax profit was 162 million ...

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