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Monday brings more misery for Govia commuters

Mon, 20th Jun 2016 08:43

(ShareCast News) - Monday saw another morning of misery for commuters served by Govia, as a broken down train sparked delays on Southeastern services.Trains were suspended between Plumstead and Dartford on the North Kent line after the train failed at Belvedere.Southeastern reported services as delayed, cancelled and revised through the morning peak.Govia is a joint venture, 65% owned by the FTSE 250 firm Go-Ahead Group and 35% by French firm Keolis, which itself is controlled by the French nationalised railway SNCF.The misery comes a day before workers on the Southern section of another Govia operation - Govia Thameslink Railway - walk out amid an ongoing dispute around doors.Conductors on Southern contest that moving door-closing responsibilities to drivers will devalue their jobs and put passenger safety at risk, according to the Rail and Maritime Transport Union.Southern has advised that a very limited service will run between 0730 and 1800, with no service on some routes on Tuesday.The franchise has also been hit by a much-higher than usual number of staff calling in sick on a daily basis since the dispute began.Go-Ahead issued a profit warning earlier this month, slashing its margin forecasts on the Govia Thameslink Railway superfranchise to 1.5% from 3%.Govia Thameslink Railway includes services operated under the Southern, Thameslink, Great Northern and Gatwick Express banners.The company also operates the London Midland franchise on the West Coast Main Line and in the West Midlands.
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24 Jun 2020 13:42

Wednesday broker round-up

(Sharecast News) - G4S: Credit Suisse upgrades to outperform with a target price of 140p.

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18 Jun 2020 12:17

Britain approves spending of 3.5 billion pounds on railway bailout

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28 May 2020 16:17

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27 May 2020 09:30

UK BROKER RATINGS SUMMARY: Berenberg Downgrades Pearson To Sell

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26 May 2020 15:22

Go-Ahead's Govia Using Disinfectant Which Can Kill Virus For 30 Days

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22 May 2020 13:37

Friday broker round-up

(Sharecast News) - Whitbread: RBC Capital Markets reiterates underperform with a target price of 2,350p.

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22 May 2020 13:34

Jefferies stays at 'buy' on Go Ahead, likes portfolio and balance sheet

(Sharecast News) - Analysts at Jefferies reiterated their 'buy' recommendation for shares of Go-Ahead Group, highlighting the attractions of its portfolio, especially its UK franchise and balance sheet positioning.

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22 May 2020 10:32

TOP NEWS: Go-Ahead Issues Profit Warning Over German Rail And Covid-19

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22 May 2020 09:23

UPDATE 2-Asia-focused banks lead FTSE 100 lower as trade tensions flare

(There will be no London stock market report on Monday May 25 due to a UK public holiday.)* HSBC, StanChart tumble to multi-year lows* FTSE 100 set for second straight monthly gain* Both major indexes log strongest week in six* April retail sales cr...

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22 May 2020 08:11

UPDATE 1-Go-Ahead Group warns coronavirus will hit profit, shares slump

(Adds detail, background, share price)LONDON, May 22 (Reuters) - Britain's Go-Ahead Group warned that the impact of the novel coronavirus would hit profits this year, and uncertainty around the use of public transport once lockdown eases means it ...

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22 May 2020 07:46

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22 May 2020 07:43

Covid-19 puts brakes on Go-Ahead profits

(Sharecast News) - Shares in Go-Ahead fell heavily on Friday, after the travel group warned that the Covid-19 outbreak and ongoing problems at its German rail franchise would hit full-year profits.

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