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 raises concerns over Bus Services Bill

Tue, 24th May 2016 08:45

(ShareCast News) - Passenger transport operator Go-Ahead Group laid out its concerns over the proposed Bus Services Bill on Tuesday, saying it was yet to be convinced that the franchising powers granted to combined authorities will be sufficiently independent.The bill, which was first published on Monday, is intended to give councils new powers to work with operators to integrate buses into a wider region-focused transport network including rail and other forms of transport, and open up bus data to app developers, according to an official statement from Whitehall.In a statement on Tuesday, FTSE 250 firm Go-Ahead said it supports the emphasis in the bill on the partnership model, which could "bring about better outcomes for both bus passengers and taxpayers".It said its devolved structure facilitates local management accountability and allows the group to tailor its regional bus services to the needs of the customers, and work with local transport authorities to deliver their objectives."The bill's new Enhanced Partnerships offer the potential to consolidate the benefits already achieved through the strong alliances Go-Ahead companies have forged with local authorities," the board's statement explained.Go-Ahead did say that it remained to be convinced, however, that new franchising powers granted to combined authorities will deliver better services than the existing system of competition between operators, and partnerships working with local transport authorities."As plainly demonstrated by the findings of an independent board on the Quality Contracts Scheme proposals for Tyne and Wear, independent and robust appraisal of proposed transport schemes is essential."Measures brought forward in the Bus Services Bill must ensure that the franchise decision-making process is transparent and that any franchise proposals will deliver on customer service, value for money and affordability criteria," the board said..Go-Ahead said it will follow the progress of the bill through Parliament, and continue to help inform the debate."We remain committed to working with local transport authorities to ensure the best possible deal is achieved for bus passengers."
More News
27 Sep 2021 09:31

LONDON BROKER RATINGS: Upgrades for Ferrexpo, Go-Ahead and Old Mutual

LONDON BROKER RATINGS: Upgrades for Ferrexpo, Go-Ahead and Old Mutual

Read more
23 Sep 2021 15:59

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
21 Sep 2021 07:33

UPDATE 2-National Express in talks for all-share takeover of Stagecoach

* Stagecoach shareholders would own 25% in merged group* Potential deal would value Stagecoach at 445 mln stg* Stagecoach shares jump 20%, National Express up 7%* Companies say no certainty a formal offer will be made (Adds background, analyst comme...

Read more
22 Jul 2021 11:06

SMALL-CAP WINNERS & LOSERS: Riverstone energy rises on ILX III exit

SMALL-CAP WINNERS & LOSERS: Riverstone energy rises on ILX III exit

Read more
22 Jul 2021 09:35

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

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

Read more
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.

Read more
22 Jul 2021 08:13

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

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

Read more
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, ...

Read more
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...

Read more
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

Read more
7 Jul 2021 12:08

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

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

Read more
25 Jun 2021 09:31

BROKER RATINGS: Credit Suisse raises WPP; HSBC ups Aveva to Buy

BROKER RATINGS: Credit Suisse raises WPP; HSBC ups Aveva to Buy

Read more
21 Jun 2021 11:47

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

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

Read more
17 Jun 2021 11:29

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

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

Read more
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.

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.