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Go-Ahead Group Says Expectations For Full Year Are Now Ahead Of Previous Guidance
Go-Ahead granted two-year extension to Singapore bus contract
Go-Ahead Group Welcomes UK Govt's Funding Package For Vital Bus Services
The Go-Ahead Group plc is a public passenger transport company in the United Kingdom. The Company also operates bus and rail services in targeted international markets. The Company operates through three segments: regional bus, London and international bus, and rail. The regional bus segment comprises commercial bus businesses outside of London. The London and international bus segment comprise tendered bus operations in London, Singapore and Dublin. The rail division includes train franchises tendered by transport authorities in the United Kingdom, Germany and Norway.
4 Matthew Parker Street
Non-Executive Independent Chairman of the Board
Group Chief Executive, Executive Director
Group Chief Financial Officer, Executive Director
Group Company Secretary
Katherine Innes Ker
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UK transport operator Go-Ahead <GOG.L> 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.
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.
Britain's Go-Ahead Group <GOG.L> 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 cannot provide guidance on its new financial year.
Britain's Go-Ahead Group warned that the impact of the novel coronavirus would hit its profits this year, as it said it was in a strong position in the long-term given the secured revenues on some of its transport contracts.
* GO-AHEAD GROUP - WELCOMES ANNOUNCEMENT OF FUNDING PACKAGE TO BE PROVIDED BY UK GOVERNMENT TO ENABLE CONTINUATION OF VITAL BUS SERVICES ACROSS ENGLAND
British train and bus operator Go-Ahead Group warned its profits could be hurt by coronavirus but said so far it had seen minimal impact on demand.
British transport company Go-Ahead Group warned that coronavirus is likely to impact travel patterns, without saying how, as it guided that annual profit would be slightly lower than expected, hit by bad weather in recent weeks.
Rail and bus operator Go-Ahead <GOG.L> slightly lowered its expectations for its UK regional bus division's annual financial performance, as it takes longer to bring a new Manchester bus company up to speed and battles costs.
Transport company Go-Ahead Group Plc on Thursday slightly lowered its expectations for its regional bus division's annual financial performance, as it works to integrate a new Manchester bus company and faces cost pressures.
UK transport company Go-Ahead Group Plc on Thursday reported full-year revenue that beat market expectations, but profit was dented as its rail division suffered from the loss of the London Midland franchise.
UK transport company Go-Ahead Group Plc on Thursday reported lower annual pretax profit as earnings at its rail division halved, hit by the loss of the London Midland franchise.
** UK transport co's shares rise as much as 11% to 20190 pence; stock is on pace for best day in 9 months
London's FTSE 100 share index edged higher on Thursday as investors pinned their hopes on central banks cutting interest rates in response to fears of a global recession, although gains were capped by several heavyweight stocks trading ex-dividend.
Britain said it had capped the amount of profit UK transport company Go-Ahead and its French partner will make from a rail franchise in southern England after a new timetable caused widespread disruption earlier this year.
Shares of Go-Ahead Group rose nearly 18 percent on Thursday after the largest operator of bus services in London posted a 6.5 percent rise in full-year pre-tax profit and said its results were ahead of its expectations.
Shares of Go-Ahead Group rose as much as 14 percent on Thursday after the transport company posted a 6.5 percent rise in full-year pre-tax profit and said its results were ahead of its expectations.
* Appointment of new CFO is another step in effort to rebuild
Go-Ahead Group finance head Patrick Butcher is to join British outsourcing firm Capita as its chief financial officer, the British bus and rail company said on Wednesday, confirming an overnight media report.
British outsourcing company Capita <CPI.L> has poached the finance chief of bus and train company Go-Ahead Group <GOG.L> to become its new CFO, Sky News reported on Tuesday.
British outsourcing company Capita has poached the finance chief of bus and train company Go-Ahead Group to become its new CFO, Sky News reported on Tuesday.
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