Stagecoach said measures of Government support across the UK “reduce the risk of substantial ongoing operating losses”.
Shares in the firm edged up slightly, 0.5p to 66.9p, while other bus groups also saw gains. Shares in Go-Ahead increased 44.4p, or more than 5%, to 859.4p, and FirstGroup rose 0.42p to 47.92p.
Go-Ahead’s board and executive directors will take a 20% reduction in base salaries.