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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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7 Oct 2020 17:06

LONDON MARKET CLOSE: Stocks Finish Mixed; Brexit Headlines Hurt Pound

LONDON MARKET CLOSE: Stocks Finish Mixed; Brexit Headlines Hurt Pound

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7 Oct 2020 09:36

UK BROKER RATINGS SUMMARY: Citi Upgrades FirstGroup, National Express

UK BROKER RATINGS SUMMARY: Citi Upgrades FirstGroup, National Express

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2 Oct 2020 15:40

UK DIRECTOR DEALINGS SUMMARY: Go-Ahead Finance Chief Brian Buys Shares

UK DIRECTOR DEALINGS SUMMARY: Go-Ahead Finance Chief Brian Buys Shares

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2 Oct 2020 09:44

UK BROKER RATINGS SUMMARY: Morgan Stanley Raises IMI To Overweight

UK BROKER RATINGS SUMMARY: Morgan Stanley Raises IMI To Overweight

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1 Oct 2020 15:19

Canaccord Genuity slashes target price on Go-Ahead Group

(Sharecast News) - Analysts at Canaccord Genuity slashed their target price on transport operator Go-Ahead Group from 1,500.0p to 950.0p on Thursday after the Covid-19 pandemic took its toll on the firm.

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24 Sep 2020 09:52

Go-Ahead Skips Dividend Payout Amid Swing To Annual Loss

Go-Ahead Skips Dividend Payout Amid Swing To Annual Loss

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24 Sep 2020 09:02

Go-Ahead profit slightly better than guidance

(Sharecast News) - Go-Ahead predicted profit at its London and international bus division would be little changed as the transport operator reported group profit slightly better than its expectations.

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24 Sep 2020 07:47

UPDATE 1-Go-Ahead warns of uncertainty on second-wave fears

(Recasts, adds detail)LONDON, Sept 24 (Reuters) - UK transport operator Go-Ahead said that it was now running more than 90% of its bus and rail services across the country but the pandemic was causing uncertainty over its outlook.For the 12-months...

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24 Sep 2020 07:18

Go-Ahead posts profit slightly ahead of guidance

LONDON, Sept 24 (Reuters) - UK transport operator Go-Ahead posted profits for the 12-months to 27 June slightly ahead of its guidance, and said that after the pandemic it was starting to run 90% of its services again.Go-Ahead posted annual operati...

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21 Sep 2020 12:05

LONDON MARKET MIDDAY: Lockdown Fears Slam Travel And Pub Stocks

LONDON MARKET MIDDAY: Lockdown Fears Slam Travel And Pub Stocks

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21 Sep 2020 09:56

UPDATE: UK Rail Franchising "Ended" With Revised Emergency Measures

UPDATE: UK Rail Franchising "Ended" With Revised Emergency Measures

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21 Sep 2020 07:41

UPDATE 1-Britain extends emergency funding for railways ahead of contract shake-up

(Recasts, adds detail, background)LONDON, Sept 21 (Reuters) - Britain extended emergency pandemic funding to keep its rail network moving, providing private train companies with less lucrative temporary contracts ahead of a shake-up of the way the...

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21 Sep 2020 07:41

UPDATE 2-Britain extends COVID funding for railways ahead of contract shake-up

(Adds background, detail, comments)By Sarah YoungLONDON, Sept 21 (Reuters) - Britain extended state support to keep its rail network moving during the pandemic, providing private train companies with less lucrative temporary contracts ahead of a s...

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21 Sep 2020 07:41

Go-Ahead and FirstGroup get extensions to Covid rail bail-outs

(Sharecast News) - The Department for Transport confirmed extensions to the emergency measures on a number of rail franchises on Monday, protecting operators from continued depressed passenger demand as a result of the Covid-19 pandemic.

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21 Sep 2020 07:16

UK train companies sign new contracts with government

LONDON, Sept 21 (Reuters) - UK train companies Go-Ahead and FirstGroup said they had signed new contracts with the government to keep running rail services for the next 6-18 months, after earlier emergency pandemic measures came to an end.Under t...

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