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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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31 Jul 2020 12:32

In UK statisticians' eyes, rail industry back under state control

LONDON, July 31 (Reuters) - Britain's rail industry, privatised in the mid-1990s, is now back under state control -- in the eyes of the country's statistics agency.Britain's Office for National Statistics said on Friday the scale of government int...

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17 Jul 2020 09:38

UK BROKER RATINGS SUMMARY: Deutsche Bank Raises National Grid To Buy

UK BROKER RATINGS SUMMARY: Deutsche Bank Raises National Grid To Buy

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25 Jun 2020 09:42

UPDATE 2-UK blue-chips rise with European peers; Royal Mail drags mid caps lower

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* Royal Mail drops 12.4% after scrapping dividend* Lender NSF warns of going concern risks* Travel and leisure stocks hit one-month low* FTSE 100 up 0.4%, FTSE 250 off 0.2%* Ban...

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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

LONDON, June 18 (Reuters) - Britain has so far approved spending of 3.5 billion pounds ($4.38 billion) to keep its railways running during the coronavirus pandemic, the government said on Thursday.Under emergency measures brought in on March 23 fo...

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28 May 2020 16:17

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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27 May 2020 09:30

UK BROKER RATINGS SUMMARY: Berenberg Downgrades Pearson To Sell

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

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

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

LONDON MARKET PRE-OPEN: Burberry And United Utilities Profit Drops

LONDON MARKET PRE-OPEN: Burberry And United Utilities Profit Drops

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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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