- British railway line operator Stagecoach Group kept its annual earnings per share guidance unchanged, amid rising revenue at its train business offset by falling revenue at its bus business.

Like-for-like revenue at its UK rail division, excluding South West Trains, had grown by 3.2% in the 44 weeks to 3 March, the company said. Revenue at the Virgin Trains joint venture, meanwhile, had grown by 2.8% over the same time period.

UK bus regional revenue had fallen 0.1% on a like-for-like basis, impacted by severe snow storms, while falling by a deeper 4.3% in the London bus division.

In the company's North American business, year-to-date like-for-like revenue had fallen by 0.6%.

'Our expectation of the group's adjusted earnings per share for the year ending 28 April 2018 has not changed from when we announced our interim results in December 2017,' Stagecoach said.

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