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Highlights
FirstGroup receives regulatory nod for extended Hull Trains and Lumo services from December
Expanded routes to include Glasgow, Falkirk High, and Edinburgh Haymarket
Open access capacity expected to more than double following multiple service enhancements
FirstGroup PLC (LON:FGP), listed on the FTSE 250, saw increased activity in the transport sector after receiving regulatory clearance from the UK’s Office of Rail and Road (ORR) to expand its open access rail services. The company, which operates both Hull Trains and Lumo services, will implement these route extensions starting December.
Expansion of Lumo Services
As part of the approval, Lumo services will extend beyond their current destinations to reach Glasgow Queen Street. This expansion includes scheduled stops at Falkirk High and Edinburgh Haymarket. The extension significantly increases seat capacity and enhances connectivity between major urban hubs in England and Scotland.
Additionally, Lumo will introduce an extra daily service between Newcastle and London. This move is in line with the company’s goal to scale its open access operations through increased frequency and route diversity.
Growth in Hull Trains Capacity
Hull Trains will also benefit from the ORR’s decision, with one additional weekday and Saturday service being introduced between London and Hull. These service enhancements aim to meet growing passenger demand on the east coast route. The added journeys are expected to improve overall operational efficiency and customer access in key regions.
Doubling of Open Access Rail Offering
Combined, these service enhancements will result in a substantial increase in FirstGroup’s open access rail seat miles. When factored alongside the company’s previously approved Stirling and Carmarthen routes, total capacity will more than double from current levels.
This move reinforces FirstGroup’s strategy to develop a strong open access portfolio, positioning it competitively in the UK rail sector.
Rejection of London-Sheffield Application
While the regulator approved several route expansions, it declined FirstGroup’s proposal for a new Hull Trains service between London and Sheffield. This service was designed to offer direct connections between the capital and South Yorkshire, but the ORR did not support the application at this time.
Despite this setback, the company remains focused on future opportunities and route applications. Current developments are seen as part of a broader strategy to optimise open access services across high-demand corridors.
What is FirstGroup's stock ticker?
The stock trades under the ticker LON:FGP on the London Stock Exchange.
Which rail services are being expanded by FirstGroup?
The company is expanding its Lumo and Hull Trains services, including new destinations like Glasgow and increased daily frequencies.
Is FirstGroup part of any major UK index?
Yes, FirstGroup is a constituent of the FTSE 250.
