VIRGIN Rail and megabus.com owner Stagecoach has delivered a solid set of results based partly on expansion in the US where the megabus brand is being rolled out further.

Its preliminary results for the year ended April 30 show like-for-like revenue up 6.9% across the group to £2.59bn (2011: £2.38bn). However, profit before taxation was slightly down at £202.5m (2011: £205.7).

Commenting on the results, chief executive Sir Brian Souter said: "We continue to see good organic growth in our bus a......for the full story register now for free or login below...