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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.
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5 Apr 2022 10:40

SMALL-CAP WINNERS & LOSERS: Go-Ahead races higher on payout resumption

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

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5 Apr 2022 08:59

LONDON MARKET OPEN: Stocks down as Biden calls for war crimes trial

(Alliance News) - Stocks in London opened lower on Tuesday amid cautious trade as investors continue to track geopolitical developments.

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5 Apr 2022 08:47

Go-Ahead to resume payouts amid new strategy after "challenging" time

(Alliance News) - Go-Ahead Group PLC on Tuesday said it will reinstate its pre-Covid dividend policy as it set out medium-term plans to boost revenue and profit.

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5 Apr 2022 08:25

LONDON BRIEFING: Go-Ahead reinstates pre-pandemic payout policy

(Alliance News) - Go-Ahead Group PLC on Tuesday said it will reinstate its pre-Covid dividend policy as it set out medium-term plans to boost revenue and profit.

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5 Apr 2022 07:55

Go-Ahead to restart dividends

(Sharecast News) - Go-Ahead said it would restart dividends as the bus and train operator set out targets for improved revenue and profit.

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5 Apr 2022 07:50

LONDON MARKET PRE-OPEN: Moonpig confident; Go-Ahead brings back payout

(Alliance News) - Stocks in London are seen opening lower on Tuesday, with traders still mindful of the possibility of more sanctions being imposed on Russia in the wake of international outrage following killings in the Ukrainian town of Bucha.

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25 Mar 2022 11:14

Go-Ahead's Govia wins contract with National Rail to extend operations

(Alliance News) - Go-Ahead Group PLC on Friday said its subsidiary Govia Thameslink Railway has won a three-year contract extension from National Rail, which oversees train services in Britain.

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25 Mar 2022 10:57

SMALL-CAP WINNERS & LOSERS: Go-Ahead up on Govia deal; Wickes sales up

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

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25 Mar 2022 08:45

LONDON MARKET OPEN: European stocks drift lower in cautious start

(Alliance News) - Blue-chip European equities nudged lower in early dealings on Friday, in nervy early trade, a stark contrast to stocks in New York, which surged overnight despite markets facing a wealth of uncertainty

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25 Mar 2022 08:05

Go-Ahead's GTR awarded National Rail contract to 2025

(Sharecast News) - Go-Ahead Group announced on Friday that the Department for Transport (DfT) has awarded a National Rail contract to its Govia Thameslink Railway (GTR) joint venture, to continue operating the Thameslink, Southern and Great Northern rail services in the south of England.

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25 Mar 2022 07:54

LONDON MARKET PRE-OPEN: Petropavlovsk ability to sell gold threatened

(Alliance News) - Stocks in London were called lower on Friday, after data showed UK retail sales fell in February and a survey showed consumer confidence taking a hit in March.

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21 Mar 2022 15:46

UK shareholder meetings calendar - next 7 days

Tuesday 22 March 
Crest Nicholson Holdings PLCAGM
Hochschild Mining PLCEGM re Amarillo Gold acquisition
Hydro Hotel Eastbourne PLCAGM
Starvest PLCAGM
Sureserve Group plcAGM
Wynnstay Group PLCAGM
Wednesday 23 March 
CML Microsystems PLCGM re employee share plans
Quartix Technologies PLCAGM
Strategic Equity Capital PLCGM re tender offer
Thursday 24 March 
BlackRock Throgmorton Trust PLCAGM
Independent Investment Trust PLCAGM
N4 Pharma PLCAGM
React Group PLCAGM
Friday 25 March 
Beazley PLCAGM
Coro Energy PLCGM re proposed bond restructuring
Europa Oil & Gas Holdings PLCGM re fundraise
Kitwave Group PLCAGM
Triad Group PLCGM re revised remuneration policy
Monday 28 March 
Congyar Investment Co PLCGM re share premium account cancellation
Go-Ahead Group PLCGM re accounts, remuneration, auditor
Jupiter Emerging & Frontier Income Trust PLCAGM
  
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17 Mar 2022 10:59

SMALL-CAP WINNERS & LOSERS: Go-Ahead up as fine less harsh than feared

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

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17 Mar 2022 10:34

Go-Ahead gets penalty for train contract that is lower than budgeted

(Alliance News) - Go-Ahead Group PLC said on Thursday it received a lower-than-expected fine from the UK government, in relation to its mishandling of its former London & South Eastern Railway Ltd franchise.

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17 Mar 2022 08:32

Go-Ahead handed smaller fine than expected for Southeastern bungle

(Sharecast News) - Go-Ahead Group has been issued a £23.5m penalty by the Department for Transport (DfT), it announced on Thursday - several million pounds less than it had budgeted for.

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