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Go-Ahead pulls off coup with Thameslink deal, says Investec

Fri, 23rd May 2014 11:21

Train and bus group Go-Ahead has pulled off a major coup by winning the Thameslink rail super-franchise, according to Investec.The seven-year management contract will give the group certainty about its rail earnings for a number of years and is a major shareholder value-enhancing contract, Investec said.It also brings forward the day when investors might expect a dividend per share increase, the broker added."We lift our target price to 2630p from 2300p to reflect the value of the award to the group," Investec's John Lawson said in a note.Go-Ahead beat off competition from FirstGroup and Stagecoach for the enlarged Thameslink Southern Great Northern (TSGN) franchise.TSGN starts in September and will include the First Capital Connect routes from King's Cross and Moorgate to Cambridge and Peterborough, together with the Southern and Gatwick Express operations and parts of Southeastern, which runs trains between London and Kent.Shares in Go-Ahead rose 173p or 8.9% to 2112p at 12:20 in London.PW
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22 Jul 2021 09:35

IN BRIEF: Go-Ahead hires former Deutsche Bahn exec as new CEO

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22 Jul 2021 08:26

Go-Ahead appoints Christian Schreyer as CEO

(Sharecast News) - Transport operator Go-Ahead has appointed Christian Schreyer to succeed David Brown as chief executive with effect from November.

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22 Jul 2021 08:13

LONDON BRIEFING: UK government sets trading plan to cut NatWest stake

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22 Jul 2021 07:28

Go-Ahead names Christian Schreyer as CEO from Nov.

LONDON, July 22 (Reuters) - British transport company Go-Ahead named Christian Schreyer as its new chief executive from Nov. 5, replacing David Brown who said in May he planned to retire before the end of the year.Schreyer, 53, a German national, ...

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14 Jul 2021 00:01

British transport group Go-Ahead aims to be carbon neutral by 2045

LONDON, July 14 (Reuters) - Transport group Go-Ahead will withdraw diesel buses and further electrify its rail fleet as part of efforts to become carbon neutral by 2045, the British company said on Wednesday.The environmental plans of big carbon e...

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7 Jul 2021 19:58

IN BRIEF: LCM signs litigation financing deal in Govia Thameslink case

IN BRIEF: LCM signs litigation financing deal in Govia Thameslink case

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7 Jul 2021 12:08

Go-Ahead greets state funds for English buses as rider levels recover

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25 Jun 2021 09:31

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21 Jun 2021 11:47

Flexible train season tickets go on sale in England amid rail reform

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17 Jun 2021 11:29

IN BRIEF: Go-Ahead's GTR gets contract extension to March 2022

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17 Jun 2021 08:44

Go-Ahead extends emergency recovery measures agreement with DfT

(Sharecast News) - Public transport operator Go-Ahead Group said on Thursday that the Department for Transport has extended Govia Thameslink Railway's emergency recovery measures agreement from its current end date of 20 September until 31 March 2022.

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