focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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

Southern commuters facing daily misery as Go-Ahead shares plummet

Thu, 16th Jun 2016 09:36

(ShareCast News) - Commuters on Britain's largest railway franchise were lumped with the promise of more misery this week, as conductors on the Southern arm of Govia Thameslink Railway announced a strike, set down for next Tuesday.The railway franchise - a joint venture between FTSE 250 firm Go-Ahead and Keolis - currently sees hundreds of trains cancelled daily, averaging five times as many cancellations as the second-worst performing operator.Conductors lie at the heart of the issue, which began when the first strike in the dispute was called on 26 April.According to figures supplied by GTR, an average of 23 conductors were off sick each day since then - the figure has now risen to an average of 40 conductors calling in ill each morning.The row began when the company announced it wanted to have drivers close train doors, rather than conductors - turning conductors into a more customer service-focused role.But the Rail and Maritime Transport Union has said that would lead down the slippery slope to driver-only operation, which it claims would create a serious safety risk to passengers.Some of Southern's suburban London services are already driver-only operation, however, and have been for 20 years.Rail Minister Claire Perry waded into the debate this week, telling the BBC the clear increase in conductor sickness is effectively a "work to rule," and is "outrageous and unfair".But the union has rubbished her rhetoric, saying it has examples of trains being cancelled even when staff are available.Earlier this week, Go-Ahead issued a profit warning amid the GTR chaos, slashing its margin forecast for the seven-year life of the franchise to 1.5% from 3%.That led to a nosedive for its shares - they were last down 3.87% on Thursday.
More News
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.

Read more
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.

Read more
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:

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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:

Read more
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.

Read more
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:

Read more
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.

Read more
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.

Read more
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.

Read more
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.

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.