5759 Travel & Tourism

Stagecoach Group plc Period End 30 April 2010

Submitted by Company Reporting on Fri, 2010-10-01 08:58
Stagecoach Group plc Annual Report 2010
Cancelled cash flow hedges result in £20.5 million exceptional expense
Following cancellation of cash flow hedges, UK transport company Stagecoach recognises £20.5 million as an exceptional expense that reduces profit by 16%.

TUI Travel plc Period End 30 September 2009

Submitted by Company Reporting on Mon, 2010-02-08 00:00

Discontinued operation contributes 58% of loss for year
UK travel business TUI Travel classifies as discontinued in the current year a business bought exclusively with a view to resale last year, whose trading and impairment losses contribute 58% of its total loss for the year.

Corporate reporting takes further steps online
UK travel business TUI Travel incorporates video content into the online version of its annual report by reference, whilst the auditor’s report cites a webpage on audit scope following amendment to the UK version of an International Auditing Standard.

The Go-Ahead Group plc Period End 27 June 2009

Submitted by Company Reporting on Sun, 2009-10-04 23:00
The Go-Ahead Group plc Annual Report 2009

Impairments nearly halve profit

UK transport company Go-Ahead recognises £38.4 million impairments against its aviation service division that reduce its pre-tax profit by some 48%.

FirstGroup plc Period End 31 March 2009

Submitted by Company Reporting on Thu, 2009-08-13 23:00

£23.1 million loss arises from reduction in estimated fuel usage for the next year

UK transport company FirstGroup reduces its expectation of fuel consumption for the next financial year, with a £23.1 million expense arising from recycling to the income statement cumulative losses on the related cash flow hedges that reduces its pre-tax profit by more than 10%.