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London Midland wins another franchise extension

Thu, 03rd 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 contract with the Department for Transport was to end in October this year, with an initial extension to October 2016 granted in June last year.London Midland is 65% owned by FTSE 250-listed Go-Ahead Group, with the remainder held by French public transport giant Keolis.The extended franchise brought with it the announcement of two extra evening services each weekday from London Euston to the Trent Valley, extra Sunday morning services in the Birmingham area, an extra daily return train on the Abbey line, and free WiFi on long-distance services."We're pleased the government has put its confidence in London Midland to continue operating the West Midlands franchise, and also deliver further enhancements for passengers", said Go-Ahead Group chief executive David Brown."The plans offer benefits for passengers, taxpayers and the local communities that are served."London Midland began operations in 2007 as a new franchise, taking over a number of routes from the former Central Trains and Silverlink operations.In 2014-15, it took the second largest total subsidy from the taxpayer, at 16.6p per passenger mile. Northern Rail was first at 34.2p.
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13 Jun 2022 10:00

TOP NEWS: Go-Ahead latest UK transport firm to receive bid interest

(Alliance News) - Go-Ahead Group PLC on Monday said it has received two takeover proposals at terms it "would be minded to recommend" should a firm offer materialise.

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13 Jun 2022 09:44

Go-Ahead surges after two takeover approaches

(Sharecast News) - Go-Ahead surged on Monday after the transport operator said it had received two separate takeover approaches at a price it would be minded to recommend if offers were made.

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11 May 2022 10:27

LONDON BROKER RATINGS: Goldman raises Watches of Switzerland to 'buy'

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

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28 Apr 2022 12:01

Premier Inn owner Whitbread resumes dividend as UK recovery builds

April 28 (Reuters) - Premier Inn owner Whitbread resumed dividends on Thursday and said profit at its UK business could return to pre-pandemic levels this year despite inflationary pressures.

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27 Apr 2022 15:58

FTSE 100 rises on gains in miners, strong earnings; Aveva slumps

April 27 (Reuters) - London's FTSE 100 edged up on Wednesday, driven by gains in miners and strong corporate updates, although a fall in cyclical stocks and industrial software company Aveva Group capped its rise.

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27 Apr 2022 11:44

IN BRIEF: Go-Ahead posts lower interim profit; to reinstate dividends

Go-Ahead Group PLC - Newcastle, England-based public transport operator - Reports a slightly lower pretax interim profit. Pretax profit for the half-year ended January 1 falls to GBP50.1 million from GBP50.3 million a year ago. Revenue shrinks by 13% to GBP1.80 billion from GBP2.01 billion.

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26 Apr 2022 17:01

LONDON MARKET CLOSE: Stocks mixed as dour US open sours sentiment

(Alliance News) - Stocks in London ended mixed on Tuesday as earlier gains faded after US equity markets fell sharply at the open, while heavyweight oil majors helped keep the FTSE 100 in the green.

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26 Apr 2022 11:04

SMALL-CAP WINNERS & LOSERS: National Express lifts transport providers

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

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13 Apr 2022 10:03

LONDON BROKER RATINGS: Deutsche cuts Ferguson; JPMorgan low on LandSec

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

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12 Apr 2022 15:28

UK accounting watchdog investigating Deloitte over Go-Ahead audits

(Alliance News) - Accountancy giant Deloitte LLP is being investigated by the industry watchdog over its audits for scandal-hit bus and train group Go-Ahead Group PLC.

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12 Apr 2022 10:11

LONDON BROKER RATINGS: JPMorgan lowers Rolls-Royce; UBS likes Ryanair

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

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12 Apr 2022 08:02

LONDON MARKET PRE-OPEN: UK jobless rate dips; US inflation ahead

(Alliance News) - Stocks in London are set to open lower on Tuesday, following Monday's rout on Wall Street, as investors remain concerned about rising inflation and how central banks will respond.

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12 Apr 2022 07:55

FRC to probe Deloitte over Go-Ahead audits

(Sharecast News) - Britain's accounting watchdog has started a probe into Deloitte over its auditing of troubled bus and rail operator Go-Ahead.

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5 Apr 2022 16:32

FTSE 100 rises on healthcare, utilities boost

April 5 (Reuters) - London's FTSE 100 index edged higher on Tuesday powered by healthcare and utility stocks, while investors closely tracked the prospect of more Western sanctions against Russia over the war in Ukraine.

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5 Apr 2022 12:07

LONDON MARKET MIDDAY: Stocks ease as EU mulls more Russia sanctions

(Alliance News) - Stocks in London were mostly lower at midday on Tuesday as the West considered further sanctions against major crude producer Russia in response to killings in the Ukrainian town of Bucha.

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