Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGOG.L Share News (GOG)

  • There is currently no data for GOG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Go-Ahead beats FirstGroup and Stagecoach to Thameslink rail deal - UPDATE

Fri, 23rd May 2014 07:12

A joint venture of bus and train operator Go-Ahead and a company part-owned by French state railway SNCF has won the battle to run the new Thameslink rail super-franchise in London and south-east England.Govia, which currently runs the Southern, Southeastern and London Midland franchises, beat off competition from rivals FirstGroup and Stagecoach for the deal to run the enlarged Thameslink, Southern and Great Northern (TSGN) franchise.Shares in Go-Ahead rose 146p or 7.5% to 2085p at 08:35 in London, but FirstGroup fell 4.9p or 3.6% to 129.9p and Stagecoach was off 2.4p or 0.6% to 376.1p.TSGN will run trains from Bedford, Cambridge and Peterborough in the north of London to Brighton, Sussex and Kent in the south.Go-Ahead has a 65% stake in Govia, while Keolis - in which SNCF has a 70% stake and Caisse de depot et de placement du Québec holds the rest - owns 35%.Govia will oversee the introduction of three new train fleets, more services and 50% more space for passengers as part of the £6bn Thameslink infrastructure upgrade programme.Go-Ahead's Chief Executive David Brown said the deal includes two new train fleets for Gatwick Express and London Moorgate services as well as overseeing the introduction of new Thameslink trains already ordered from Germany's Siemens."I'm delighted the DfT has chosen us to operate this important and complex franchise," he said.DisappointmentThe announcement was bad news for rival bidders FirstGroup, which already runs the Thameslink and Great Northern routes, and Stagecoach.FirstGroup also runs four other UK train companies but failed in its efforts to secure the West Coast main line franchise after the government scrapped the bidding process, saying it was flawed.Tim O'Toole, FirstGroup's Chief Executive, commented: "I am disappointed that we will not be operating the new franchise and taking the Thameslink Programme on to its next stage."Today's news does not alter our stated medium term targets. Going forward theGroup is currently shortlisted for a number of other rail franchises and willparticipate in a range of competitions with the objective of achieving earningson a par with the last round of franchising, with an acceptable level of risk."Stagecoach said it would be seeking feedback from the DfT as to why it did not win.PW
More News
4 Aug 2022 10:56

SMALL-CAP WINNERS & LOSERS: Mears profit climbs, Secure Trust's slides

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

Read more
4 Aug 2022 09:33

Kinetic lifts takeover offer for Go-Ahead by £22m

(Sharecast News) - Australian bus group Kinetic and Spanish infrastructure specialist Globalvia have lifted their takeover offer for London-listed transport operator Go-Ahead by £22m.

Read more
4 Aug 2022 09:01

LONDON MARKET OPEN: FTSE 100 underperforms amid pre-BoE trepidation

(Alliance News) - The FTSE 100 underperformed European peers and traded sideways in early dealings on Thursday, with the Bank of England to take centre-stage during a week that so far has been dominated by tensions between the US and China.

Read more
4 Aug 2022 07:54

LONDON MARKET PRE-OPEN: Next and Serco up outlook but Hikma lowers

(Alliance News) - Stock prices in London are seen opening ever-so-slightly higher, falling short of the more convincing gains seen in Asia, with investors wary ahead of the latest Bank of England interest rate decision.

Read more
1 Aug 2022 16:01

UK shareholder meetings calendar - next 7 days

Tuesday 2 August 
Caffyns PLCAGM
Syncona LtdAGM
Tanfield Group PLCAGM
Wednesday 3 August 
Block Energy PLCAGM
Molten Ventures PLCAGM
Cambium Global Timberland LtdGM re wind-up
John Wood Group PLCGM re Built Environment sale
Sequoia Economic Infrastructure Income Fund LtdAGM
Edenville Energy PLCAGM
RiverFort Global Opportunities PLCAGM
Conduity Capital PLCAGM
Scirocco Energy PLCAGM
D4t4 Solutions PLCAGM
Thursday 4 August 
Glantus Holdings PLCAGM
Investec PLC and LtdAGM
STM Group PLCAGM
Starcrest Education LtdAGM
Friday 5 August 
JPMorgan Global Core Real Assets LtdAGM
San Leon Energy PLCEGM
San Leon Energy PLCGM
Trian Investors 1 LtdEGM re removal of three current directors
Trian Investors 1 LtdAGM
Verditek PLCAGM
Monday 8 August 
Altus Strategies PLCGM re merger with Elemental Royalties Corp
Bushveld Minerals LtdAGM
Essentra PLCGM re unit sale
Go-Ahead Group PLCGM regarding takeover by Kinetic and Globalvia
Oscillate PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
25 Jul 2022 19:24

More UK travel chaos as another rail union announces strike action

(Alliance News) - Another UK rail union has announced strikes in the worsening dispute over jobs, pay and conditions – threatening travel chaos in the coming weeks.

Read more
21 Jul 2022 14:51

Go-Ahead affirms support for takeover offer as Kelsian withdraws

(Alliance News) - Kelsian Group Ltd on Thursday confirmed it will not make an offer to buy UK transport provider Go-Ahead Group PLC, as Go-Ahead reiterated its support for a rival takeover bid by a consortium of Kinetic Tcp Pty Ltd and Globalvia Inversiones Sau.

Read more
21 Jul 2022 10:28

SMALL-CAP WINNERS & LOSERS: Go-Ahead suitor pulls out; Costain rises

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

Read more
21 Jul 2022 08:37

Kelsian abandons pursuit of Go-Ahead

(Sharecast News) - Australian bus and ferry services group Kelsian has abandoned its pursuit of London-listed transport operator Go-Ahead, pinning the blame on market volatility.

Read more
21 Jul 2022 07:59

LONDON MARKET PRE-OPEN: Ocado interim loss widens; S4 warns on profit

(Alliance News) - Stock prices in London are seen opening a touch lower on Thursday, following a mixed day in Asia and ahead of the European Central Bank's first interest rate hike in over a decade.

Read more
19 Jul 2022 09:50

LONDON BROKER RATINGS: Fevertree chopped; Berenberg likes Deliveroo

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
11 Jul 2022 13:46

Kelsian refuses to rule out bidding war for Go-Ahead

(Sharecast News) - Australia's Kelsian Group urged shareholders in Go-Ahead Group not to take any action on Monday, as it continued to mull its own potential offer for the British business.

Read more
11 Jul 2022 10:42

SMALL-CAP WINNERS & LOSERS: MJ Gleeson expects to outperform views

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

Read more
11 Jul 2022 08:42

Go-Ahead buses as busy as pre-Covid times in promising virus recovery

(Alliance News) - Go-Ahead Group PLC on Monday said it expects a "busy summer ahead" as the transport operator's customer numbers surge as Covid-19's grip on the market weakens.

Read more
11 Jul 2022 07:56

Go-Ahead expects to report 'good' FY performance as demand recovers

(Sharecast News) - Transport operator Go-Ahead said on Monday that it expects to report a "good" performance for the year to 2 July as passenger demand recovers.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.