Roundtable Discussion; The Future of Mineral Sands. Watch the video 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

UPDATE 1-Travel misery for London commuters as union begins 5-day strike

Mon, 08th Aug 2016 11:08

(Adds PM spokeswoman)

LONDON, Aug 8 (Reuters) - Hundreds of thousands of traincommuters in London and southern England were facing misery onMonday as rail staff began a five-day strike in a safety rowover who opens and closes the doors.

Southern, which runs trains from destinations such asBrighton and Gatwick Airport, has said only 60 percent of itsservices would operate during the week-long stoppage, thelongest British rail walkout for almost 50 years, and no trainswould operate at all on some routes.

The strike adds to the problems of weary passengers who havesuffered months of cancellations and delays because of highlevels of staff sickness, while in July Southern axed 341trains, about 15 percent, to provide what it said would be amore regular service.

The dispute centres on the role of conductors, staff whocurrently have responsibility for opening and closing thecarriage doors. The RMT union, one of Britain's most militant,says Southern wants to extend the use of driver-only operatedtrains and so reduce the safety role the conductors play.

Govia Thameslink Railway (GTR), Britain's largesttrain operator which owns Southern, says the changes would leadto fewer train cancellations as services would no longer requireboth drivers and conductors.

"Our fight is with the company and the government who havedragged this franchise into total meltdown," said RMT GeneralSecretary Mick Cash. "We share the anger and frustration ofpassengers and we cannot sit back while jobs and safety arecompromised on these dangerously overcrowded trains."

During mediation talks last week, the union said it hadoffered to call off the strike if GTR promised there would be asecond staff member on trains while negotiations continued.

However, the talks failed as GTR said in times ofdisruption, there might be occasions when they would let trainsrun with just a driver.

The company's Chief Executive Charles Horton said theirplanned changes would improve services for passengers and hadprovided guarantees about the future role of conductors but theRMT had refused to negotiate.

"The RMT union is letting everyone down and the action theyare taking this week is unnecessary, unacceptable andunjustified," he told BBC radio.

The opposition Labour Party accused the government offailing to help resolve the dispute because of an anti-unionagenda but Prime Minister Theresa May's spokeswoman said thestrike would not solve anything.

"It is not helping passengers travelling on these trainswhether people have concerns about safety or not," she said. (Reporting by Michael Holden and Kylie MacLellan; editing byStephen Addison)

More News
28 Jun 2022 19:10

Go-Ahead expects to reduce Norway onerous contract provision

(Alliance News) - Go-Ahead Group PLC on Tuesday said it has reached a new agreement with the Norwegian Railway Directorate, putting its rail contract on "satisfactory footing".

Read more
27 Jun 2022 09:55

LONDON BROKER RATINGS: Credit Suisse cuts Ocado; Liberum ups Whitbread

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
27 Jun 2022 08:23

LONDON BRIEFING: UK financial regulator probes Wise CEO over taxes

(Alliance News) - Money transfers provider Wise on Monday said the UK regulator is investigating its chief executive after a tax breach.

Read more
27 Jun 2022 08:19

RBC Capital Markets lowers Go-Ahead to 'sector perform', raises target price

(Sharecast News) - Analysts at RBC Capital Markets lowered their target price on public transport operator Go-Ahead Group from 'outperform' to 'sector perform' on Monday, stating the risk/reward scenario for the stock now looked more balanced.

Read more
23 Jun 2022 09:42

LONDON BROKER RATINGS: Deutsche Bank raises Rentokil and cuts Intertek

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
14 Jun 2022 17:04

LONDON MARKET CLOSE: US Fed likely to mull 75 basis-point rate hike

(Alliance News) - Stocks in London ended lower on Tuesday with investors seemingly cautious as the US Federal Reserve's policy meeting gets underway as concerns arise that interest rates will be raised aggressively this year in a bid to rein in inflation.

Read more
14 Jun 2022 12:02

LONDON MARKET MIDDAY: Rebound stumbles as US Fed hike jitters grow

(Alliance News) - Tuesday's dead cat bounce didn't live past the morning in Europe, with the FTSE 100 back in the red at midday as investors fret over an upcoming US interest rate decision.

Read more
14 Jun 2022 11:03

SMALL-CAP WINNERS & LOSERS: Go-Ahead rises as bidding war emerges

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

Read more
14 Jun 2022 10:25

TOP NEWS: Australia's Kelsian still wants to bid for UK peer Go-Ahead

(Alliance News) - Kelsian Group Ltd on Tuesday urged the shareholders of Go-Ahead Group PLC to take no action on a rival takeover offer, saying it is in talks with Go-Ahead for a cash bid of its own.

Read more
14 Jun 2022 07:11

Go-Ahead agrees £648m takeover by Kinetic, Globalvia

(Sharecast News) - Transport operator Go-Ahead has accepted a £647.7m takeover offer from Australian bus firm Kinetic and Spanish infrastructure investor Globalvia Inversiones, but a takeover battle could emerge after Kelsian said it was still interested.

Read more
13 Jun 2022 18:17

UPDATE: Go-Ahead chooses GBP648 million bid from Kinetic consortium

(Alliance News) - Go-Ahead Group PLC late Monday announced its agreement to a takeover offer from Gerrard Investment Bidco Ltd, a subsidiary of a consortium consisting of Kinetic Holding Co Pty Ltd and Globalvia Inversiones SAU.

Read more
13 Jun 2022 17:03

LONDON MARKET CLOSE: China lockdown and inflation fears sink stocks

(Alliance News) - Stocks in London ended sharply lower on Monday on fears of a more aggressive campaign of Federal Reserve interest rate hikes which has given rise to concerns the US economy could be sent into recession next year.

Read more
13 Jun 2022 12:01

LONDON MARKET MIDDAY: UK GDP shrinkage fuels growth fears ahead of BoE

(Alliance News) - A worrying reading on the UK economy on Monday compounded market concerns over inflation and aggressive interest rate tightening, as a central bank-heavy week gets underway.

Read more
13 Jun 2022 11:14

SMALL-CAP WINNERS & LOSERS: Go-Ahead bid interest; ProCook falls more

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

Read more
13 Jun 2022 11:01

TOP NEWS SUMMARY: Yen hits 24-year low ahead of central bank decisions

(Alliance News) - The following is a summary of top news stories Monday.

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.