Go-Ahead in US school bus JV
4th Nov 2009 08:24
Bus and train operator Go-ahead Group has formed a joint venture to pitch for school bus contracts in and around Chicago in the USA. Go-Ahead and Cook-Illinois, an established, school bus operator based near Chicago, will have equal stakes in the joint venture. Keith Ludeman, chief executive of G
Read moreGo Ahead bus services beat expectations
29th Oct 2009 07:54
Rail and bus firm Go Ahead said it had seen growth slightly ahead of expectations in its bus and aviation operations over the first quarter and that rail operations were continuing to trade in line with forecasts. In bus operations, the company has seen passenger numbers lifted by concessionary far
Read moreLondon close: Best ever quarterly gain for Footsie
30th Sep 2009 17:00
Wall Street fell out of bed at the start of its trading day after the release of disappointing business activity data and London quickly followed the US market downwards. However, a rally in the last half hour ensured that the FTSE 100 enjoyed its best ever quarterly percentage gain since the index
Read moreLondon afternoon: Footsie still lacking direction
30th Sep 2009 14:20
Footsie has continued its recent sluggish run, with company updates pulling the leading share index in both directions, but remains set for a record quarterly gain. Hedge fund manger Man is the best performer after a bullish trading update. "Investor sentiment is continuing to improve across the in
Read moreLondon midday: FTSE 100 on course for record quarter
30th Sep 2009 12:13
Footsie still looks on course for a record quarterly gain, but early strong rises have been whittled away ahead of the US open. Hedge fund manger Man is the best performer after a bullish trading update. "Investor sentiment is continuing to improve across the industry, the performance outlook is h
Read moreBroker tips: Glaxo, Go Ahead, Modern Water
9th Sep 2009 13:08
The Centers for Disease Control and Prevention (CDC) issued new guidelines for the use of antivirals in the treatment of flu on Tuesday, which should boost revenues drugs giant GlaxoSmithKline (GSK) receives from its Relenza flu treatment. The ruling that Tamiflu and Relenza should promptly be give
Read moreLondon open: Footsie starts flat
3rd Sep 2009 08:17
Footsie is flat in early deals with miners pushing the markets in one direction and financials and defensives dragging it the other. Amongst the major risers so far are miners Randgold Resources, Lonmin, Xstrata, Kazakhmys, Rio Tinto, Fresnillo and Vedanta Resources. the big fallers are RSA Insuran
Read moreLondon pre-open: Small fall ahead
3rd Sep 2009 07:37
London's top stocks look set to add to yesterday's losses, though traders expect only a 10 points drop early on. HMV reported a 1.8% drop in total like-for-like sales in the 18 week period since the end of April in what the entertainment media group called a tough consumer environment. Separately,
Read moreGo-Ahead says results beat forecasts
3rd Sep 2009 07:04
Rail and bus group Go-Ahead said it was pleased to report results slightly ahead of its expectations in June despite profits more than halving. Pre-tax profit fell to £42m against £103.1m last year due to higher costs and exceptional charges. Revenue increased 6.7% to £2,346.1m primarily due to a
Read moreGo-Ahead buys Arriva's Horsham bus interest
1st Sep 2009 16:08
Rail and bus group Go-Ahead has entered into an agreement to acquire the assets of Arriva's bus interests in Horsham for a total cash consideration of £5m. The interests, which will include a fleet of 19 vehicles and 58 employees, will operate as part of Metrobus, Go-Ahead's bus operation which pro
Read moreLondon close: Blue chips at 10½-month high
20th Aug 2009 16:28
A brace of better than expected US data reinvigorated markets early afternoon Thursday, helping London close at it highest since early October. The Philadelphia Fed manufacturing index rose to +4.2 in August from -7.5 in July, while the Conference Board's index of leading economic indicators rose 0
Read moreLondon afternoon: Prices bubble over
20th Aug 2009 14:14
Equity prices came off the top over the lunch-time session but remain firmly in the blue, albeit in thin trade, largely due to the strength of miners. Mining giant Rio Tinto is higher despite seeing profits falling by more than half in the six months to June 30 as it felt the impact of sharply lowe
Read moreLondon midday: Retail sales give a boost
20th Aug 2009 12:10
July's retail sales figures have given a lift to an already buoyant equity market. Figures revealed sales grew 0.4% from June, putting the annual increase to 3.3%, the highest since May 2008. Economists had predicted a rise of just 0.2% for July following June's 1.2% gain and a 2.7% year-on-year imp
Read moreOFT proposes referring bus firms to CC
20th Aug 2009 08:57
The Office for Fair Trading (OFT) is proposing to refer the local bus industry to the Competition Commission (CC) after finding evidence that limited competition could be leading to higher prices for bus users. In a five month investigation into the £3.6bn industry, the OFT found a number of featur
Read moreLondon close: Blue chips surge continues
30th Jul 2009 16:42
Corporate newsflow and resurgent miners sent Footsie to within a whisker of its highest close this year. Investors piled into blue chips after a string of household names reported earnings this morning. Triple-digit gains for the Dow added to the upward momentum in the afternoon. Telecoms giant
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