UPDATE 2-Green travellers help Stagecoach profit rise 38%

Newswire

(Adds analyst quotes, shares) By Pete Harrison 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, beating forecasts, 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." ...

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