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Shares in FirstGroup are up early trading on Monday, after it was announced it and a partner have won the contract to run the South-Western rail franchise.FirstGroup will operate the route alongside Hong Kong’s MTR, having beaten incumbent Stagecoach Group, who has run it for over twenty years.

Shares rose 2 per cent to 125.5p

FirstGroup already operates the Great Western franchise to Wales and the west of England, Trans Pennine Express and Hull Trains.

Copyright The Financial Times Limited 2018. All rights reserved.

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