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Southern Rail agrees deal with unions to avert driverless strikes - reports

Thu, 02nd Feb 2017 15:21

(ShareCast News) - The operators of the Southern rail franchise, Go-Ahead Group's Govia Thameslink joint venture, have reportedly struck a deal with train drivers over operating driverless trains. An agreement between Govia and drivers' union Aslef were expected to be announced later on Thursday, according to reports in several national newspapers.But it was also reported that the Rail, Maritime and Transport (RMT) union remained in dispute with Southern over changes to the role of conductors. Despite long-running talks to resolve the row, both sides' seemingly intractable positions led to industrial action, with drivers arguing trains without guards were potentially unsafe.In December the high court rejected an attempt by Govia to prevent train drivers from striking in response to an overtime ban, which led to branch lines closures and severely disrupted services across routes in South London.Strikes planned for January were suspended while Aslef kicked off a new round of talks.Last year Go-Ahead said its expectations for the full year remain unchanged, as it reported "robust" trading in the first quarter despite the Southern strikes.
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3 Jun 2021 15:51

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26 May 2021 11:49

Go-Ahead CEO David Brown to retire at end of 2021 after 10 years

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26 May 2021 10:14

Go-Ahead boss announces retirement

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26 May 2021 07:09

Go-Ahead CEO David Brown to retire at the end of the year

LONDON, May 26 (Reuters) - British rail and bus operator Go-Ahead said on Wednesday its chief executive David Brown planned to retire at the end of this year after 10 years in the role, and that it had started a process to find his replacement.Br...

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13 May 2021 13:08

Thursday broker round-up

(Sharecast News) - Hargreaves Lansdown: Numis downgrades to add with a target price of 2,019p.

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13 May 2021 10:45

Canaccord hikes target price on Go-Ahead

(Sharecast News) - Analysts at Canaccord Genuity hiked their target price on public transport operator Go-Ahead Group from 1,135.0p to 1,540.0p on Thursday, stating the group was now in the process of preparing for "a strong recovery".

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28 Apr 2021 11:04

SMALL-CAP WINNERS & LOSERS: Stagecoach founders sell down stake

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28 Apr 2021 09:43

BROKER RATINGS: Peel Hunt boosts Playtech to Buy from Reduce

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23 Apr 2021 12:26

UPDATE 4-FirstGroup's $4.6 bln N.American sale boosts shares

* To sell FirstStudent, FirstTransit to Sweden's EQT Infrastructure* Proposes 30p per share return to shareholders in 2021* Greyhound not part of sale* Shares rise as much as 19%, highest in 13 months (Adds EQT statement, debt, peer performance)By ...

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BROKER RATINGS: UBS says buy FirstGroup, National Express, Stagecoach

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SMALL-CAP WINNERS & LOSERS: TT Electronics rises on test approval hope

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15 Mar 2021 07:49

UK PM pledges 3 bln stg for England's bus network

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