Stagecoach Group plc (LON:SGC) has noted the decision of the High Court today in respect of its claims against the Secretary of State for Transport regarding decisions to disqualify the Group from three rail franchise competitions. The Court ruled against the Group’s claims.
We believe there were important issues which needed to be determined by the court to help secure the future of the country’s rail system and our view remains that we were right not to accept the risks in these contracts.
Nevertheless, while we are disappointed at today’s ruling, we accept the decision and move on. The country is facing a huge challenge in fighting the Covid-19 pandemic, and all of our energies are focused on ensuring our transport networks help the national effort at this critical time.