Stagecoach Group revenue rose to &pound;773.2 million in the six months to October 28 from &pound;669.6 million, and pre-tax profit jumped to &pound;47.6 million from &pound;24.6 million. Growth in regional passenger demand helped revenue from regional bus operations rise 15.1%&nbsp;
But it added: "Similar to the experience of other operators, trading in our London bus operations has been challenging with the losses incurred in the period reflecting the impact of upward wage pressure and elevated levels of staff turnover and staff shortages." The company, which runs over 1500 vehicles in London, expects profitability to improve (in the capital) as "we address labour market challenges, benefit from lagged inflationary increases in contract revenues and seek to re-price contracts as they are tendered".
Stagecoach, part of DWS, a German infrastructure investment group, has been led by Claire Miles since October. It recruited and trained more than 2,300 bus drivers during the half-year.

Stagecoach facing 'challenges' in capital as profits hit £47m

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.