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  "documentTitle": "FirstGroup plc (FGP)",
  "authorId": "08_Sandell",
  "authorName": "Sandell Asset Management",
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  "presentationDate": "2014-01-15 00:00:00",
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      "kind": "callout",
      "text": "Management & the Board must take immediate action to reverse the cycle of value destruction",
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      "text": "Performance chart comparing FGP LN and Comps (2)",
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      "text": "Despite industry-leading assets in each of its businesses, FirstGroup has significantly underperformed its peers",
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      "text": "Total Returns: -58%",
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      "text": "Source: Bloomberg. Note: FGP LN and Sandell Comps Index indexed to 100. (1) Assumes net dividends are reinvested. Average of Comps total returns. (2) Sandell Comps Index (includes GOG LN, SGC LN, NEX LN, STB CN) weighted by market capitalisation.",
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