
Highlights
Positive progress in the first half of 2014.
Excellent cash generation: £80 million of free cash flow in the first half of the year, with a full year target of £150 million. Net debt reduced by £80 million over the last 12 months.
Success in winning new contracts worth £5 billion and sustaining market-leading contract retention rates.
Underlying growth in both revenue and passenger numbers, in the UK, North America and Morocco.
Dividend increased 3% to 3.35 pence per share (based on 2x covered by non-rail earnings in the full year).