The UK transport sector has had a mixed year, with selective stocks outperforming and others sufferi...
The UK transport sector has had a mixed year, with selective stocks outperforming and others suffering on the back of the increase in fuel prices. The FTSE All-Share Transport Index has fallen 4.55% in the year to 30 November. Andrew Jones, fund manager at Invesco says: "Bus companies in general have underperformed. Companies like Arriva, Stagecoach and First Group have suffered from higher oil prices and a tight labour market. "There is a shortage of bus drivers, particularly in London, and companies are limited by how much they can put fares up." Stagecoach has fallen 60.97% in the y...
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