Excessive delays on London buses mar Go-Ahead's first half
18th Feb 2016 08:09
(ShareCast News) - It was full steam ahead for most of Go-Ahead on Thursday, with the company reporting good numbers across most of its operations in six months to 26 December - though excess delays on its London bus network marred the results. The FTSE 250 transport operator saw revenue rise 6.8% o
Read moreOne in ten train disruptions caused by staff shortages
11th Feb 2016 15:57
(ShareCast News) - Around one in 10 delays and cancellations on Britain's railways were caused by shortages of staff, new data from the Office of Rail and Road revealed on Thursday. The figures showed there were 1.93m 'disruptions' between April 1, 2013 and December 12, 2015. A lack of staff was bla
Read moreCMA backs travel cards for further government exemption
10th Dec 2015 11:15
(ShareCast News) - UK competition regulators have recommended extending the exemption of multi-operator travelcard ticketing schemes from competition law. Although the Competition and Markets Authority was concerned that agreements between transport operators can sometimes raise competition concerns
Read moreGo-Ahead says trading in line, reaffirms full year expectations
10th Dec 2015 07:54
(ShareCast News) - Transport operator Go-Ahead Group said trading in the six months to 27 December has been in line and the company's expectations for the full year remain unchanged. During the period, the group was awarded contracts in both the bus and rail divisions. It was awarded a contract by
Read moreLondon Midland wins another franchise extension
3rd Dec 2015 07:50
(ShareCast News) - More trains and free WiFi have been promised to rail commuters in the Midlands, as London Midland was granted its second franchise extension this week. The train operating company was directly awarded an extension on the West Midlands franchise to October 2017. Its initial contra
Read moreGo-Ahead appoints former Network Rail FD Patrick Butcher as CFO
2nd Nov 2015 07:57
(ShareCast News) - Transport operator Go-Ahead Group has appointed Patrick Butcher as its chief financial officer. Butcher joins from Network Rail, where he was group finance director from 2009 and led capital raising activities in public markets prior to its reclassification in 2014 as a public sec
Read moreFTSE 250 movers: TalkTalk worries rumble on, as National Express motors
26th Oct 2015 14:50
(ShareCast News) - The FTSE 250 decelerated gradually over the course of Monday's trading, finishing the session down 0.36% at 17,178.66. TalkTalk continued its decline after last week's revelations of a major cyber-attack rumbled on since the weekend. Analysts have calculated that the cyberattack c
Read moreGo-Ahead first quarter in line, on track for full year
20th Oct 2015 07:50
(ShareCast News) - Transport operator Go-Ahead Group said its overall trading performance in the first quarter has been satisfactory and it remains on track to meet its full-year expectations for bus and rail operations. For the period from 28 June to 19 October, revenue in the bus division was up a
Read moreFTSE 250 movers: Lookers surges on acquisition, Go-Ahead slumps on warning
3rd Sep 2015 12:49
(ShareCast News) - London's mid-cap index was up 0.9% to 17,037.26 at 1325 BST, tracking a more buoyant tone overall following a positive session in the US and as the closure of Chinese markets gave investors a chance to catch their breath. Motor retail and aftersales service company Lookers surged
Read moreJefferies cuts Go-Ahead to 'hold' and slashes price target
3rd Sep 2015 10:05
(ShareCast News) - Jefferies downgraded Go-Ahead to 'hold' from 'buy' and slashed its price target to 2,630p from 2,920p. While the company's full-year results were as expected, Jefferies cut its outlook on the one-year delay to reach the £100m bus EBIT target and its reduced expectations for rail.
Read moreGo-Ahead profit hit by exceptional costs, warns on bus division targets
3rd Sep 2015 08:00
(ShareCast News) - Shares in Go-Ahead Group slumped after the rail and bus operator posted a 13.7% drop in pre-tax profit on the back of exceptional costs and said it will take longer to hit targets for its bus division. Pre-tax profit for the year ended 27 June fell to £78.7m from 91.2m last year a
Read moreFTSE 250 movers: Marshalls gains on interims, Debenhams slumps on downgrade
28th Aug 2015 14:36
(ShareCast News) - London's FTSE 250 was a touch higher on Friday and by 1445 BST, was trading up 0.2% at 16,952.75, with investors mostly keeping to the sidelines at the end of what's been a pretty turbulent week. Marshalls was the standout gainer after the paving slabs specialist posted a strong s
Read moreGo-Ahead slides after JPMorgan downgrade
28th Aug 2015 13:12
(ShareCast News) - Go-Ahead slumped after JPMorgan Cazenove downgraded the stock and cut its price target to 2,768p from 2,879p. "We continue to believe that Go-Ahead is well positioned over the long term, but ahead of next week's prelims we reduce our rating to 'neutral' from 'overweight' due to po
Read moreGo-Ahead says full-year expectations are unchanged
25th Jun 2015 07:15
Go-Ahead said on Thursday that its full-year expectations remain unchanged and the company is in a good financial position, with strong cash generation and a robust balance sheet supporting its progressive dividend policy. Chief executive David Brown said: "In rail, we continue to work closely with
Read moreGo-Ahead posts strong quarterly results, acknowledges passenger slowdown
30th Apr 2015 09:26
Passenger transport group Go-Ahead said its bus and rail businesses performed in line with expectations during the third quarter of the year despite disruption due to roadworks and congestion. Its bus division reported slower revenues due to a decline in passenger journeys and contract losses. In Lo
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