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Go-Ahead Group PLC (GOG.L)

GOG.L on London Stock Exchange

1,560.00GBp
23 Feb 2018
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33.00 (+2.16%)
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Latest Key Developments (Source: Significant Developments)

Go-Ahead Lifts ‍Full-Year Expectations Due To One-Off Rail Benefits​
Thursday, 22 Feb 2018 02:00am EST 

Feb 22 (Reuters) - Go-Ahead Group Plc ::INTERIM DIVIDEND 30.17 PENCEPER SHARE.‍FULL YEAR EXPECTATIONS INCREASE, DUE TO ONE-OFF RAIL BENEFITS​.‍BUS DIVISION RESULTS STABLE AND IN LINE WITH EXPECTATIONS - OPERATING PROFIT OF £46.6M (H1'17: £46.4M)​.‍RAIL DIVISION RESULTS AHEAD OF EXPECTATIONS FOR HALF YEAR - REPORTED OPERATING PROFIT OF £40.3M (H1'17: £26.6M), INCLUDING ONE-OFF RAIL BENEFITS​.  Full Article

Go-Ahead Group sees to deliver full year results in line with expectations​
Thursday, 30 Nov 2017 02:00am EST 

Nov 30 (Reuters) - GO-AHEAD GROUP PLC ::‍FULL YEAR EXPECTATIONS UNCHANGED IN BUS AND RAIL​.‍GROUP WILL DELIVER FULL YEAR RESULTS IN LINE WITH ITS EXPECTATIONS​.IN BUS, REGIONAL REVENUE AND PASSENGER TRENDS ARE IN LINE WITH EXPECTATIONS AND LONDON REVENUE, MILEAGE AND PEAK VEHICLE REQUIREMENTS ARE AS ANTICIPATED​.‍IN RAIL, TRADING HAS BEEN SATISFACTORY IN PERIOD​.  Full Article

Go-Ahead posts ‍FY operating profit of 150.6 mln pounds
Thursday, 7 Sep 2017 02:00am EDT 

Sept 7 (Reuters) - GO-AHEAD GROUP PLC ::FY REVENUE ROSE 3.6 PERCENT TO 3.481 BILLION STG.‍RESULTS IN LINE WITH EXPECTATIONS​.‍PROPOSED FINAL DIVIDEND INCREASE OF 6.5%, IN LINE WITH RISE IN INTERIM DIVIDEND, RESULTING IN A FULL YEAR DIVIDEND OF 102.08P​.‍FY BUS AND RAIL OPERATING PROFIT AT £90.7M (2016: £91.2M) AND £59.9M (2016 RESTATED: £71.4M)​.‍AGREEMENT REACHED IN JULY WITH DFT ON GTR CONTRACTUAL VARIATIONS RELATING TO INDUSTRIAL ACTION HAS REDUCED FINANCIAL UNCERTAINTY​.‍PROGRESSING TOWARDS A NEW TARGET FOR INTERNATIONAL OPERATIONS TO CONTRIBUTE 15% TO 20% OF GROUP PROFIT WITHIN FIVE YEARS​.‍ACTIVELY EXPLORING FURTHER BUS AND RAIL OPPORTUNITIES IN NORDIC REGION AND AUSTRALIA​.‍FY OPERATING PROFIT 150.6 MILLION STG VERSUS 162.6 MILLION STG YEAR AGO​.INTERNATIONAL PROGRESS WILL SEE SOME OF LOST REVENUE FROM LONDON MIDLAND FRANCHISE REPLACED WITH CONTRACTS IN SINGAPORE BUS, DUBLIN BUS AND GERMAN RAIL​.‍REGIONAL BUS TRADING IN EARLY PART OF YEAR HAS BEEN CONSISTENT WITH Q4 OF PRIOR YEAR​.‍EXPECT A SLIGHT IMPROVEMENT IN REGIONAL BUS PERFORMANCE AS ONE-OFF COSTS IN 2016/17 NO LONGER IMPACT RESULTS​.‍OUTCOMES OF DISCUSSIONS, RELATING TO EVENTS UP TO 1 JULY, IS THAT IMPACT ON RAIL PROFITABILITY IS LIKELY TO BE WITHIN A RANGE OF PLUS OR MINUS £5M​.‍RECENT OUTCOMES REDUCES OUR EXPECTATIONS OF RAIL DIVISION PROFITABILITY FOR CURRENT FINANCIAL YEAR​.  Full Article

Go-Ahead Group wins outer Dublin bus contract
Thursday, 10 Aug 2017 06:31am EDT 

Aug 10 (Reuters) - GO-AHEAD GROUP PLC ::GO-AHEAD AWARDED OUTER DUBLIN BUS CONTRACT.‍CONTRACT, WHICH IS FIRST OPEN TENDER PROCESS RUN BY NTA, COMPRISES 24 ROUTES, 125 BUSES AND AROUND 350 DRIVERS​.‍CONTRACT WILL RUN FOR FIVE YEARS, FROM LATE 2018, WITH A POSSIBLE TWO YEAR EXTENSION​.  Full Article

Go-Ahead Group says expectations for full year unchanged
Thursday, 22 Jun 2017 02:00am EDT 

June 22 (Reuters) - Go-ahead Group Plc ::Overall expectations for full year are unchanged.Group remains in a strong financial position, with good cash generation and a robust balance sheet."Regional bus continues to deliver revenue growth broadly in line with our expectations and slightly ahead of wider industry trends".Refinancing sterling bond is well underway and scheduled to be complete later this month, ahead of its maturity in September 2017."As a result of lower interest rates, we anticipate finance costs to reduce in 17/18".In Southeastern Rail, passenger growth has continued to slow, putting pressure on passenger revenue.No significant industrial action on Southern services in last five months, consequently, service,performance levels stabilised.Says ongoing discussions with Department Of Transport regarding a number of contractual variations.Management's judgement around discussions and potential impact on rail profitability remains consistent with previous guidance.Await dft's announcement regarding outcome of west midlands franchise competition, for which co is shortlisted along with 1 other bidder.  Full Article

Go-Ahead says Q3 trading in line with management expectations
Thursday, 20 Apr 2017 02:00am EDT 

April 20 (Reuters) - Go-Ahead Group Plc ::Q3 trading statement.Trading in line with management expectations.Full year expectations for both bus and rail divisions are unchanged from update given at half year results on Feb. 28 2017.Group remains in a strong financial position, with good cash generation and a robust balance sheet..Q3 regional bus has continued to deliver increasing revenue in line with expectations.Although subdued, passenger volumes are outperforming wider industry, with growth in some regions offsetting declining volumes in other areas.Have begun process of refinancing our 200 mln stg sterling bond ahead of its maturity in September 2017.As a result of lower interest rates, we anticipate finance costs to reduce in financial year to June 2018..London midland continues to deliver a strong performance, with good levels of growth in revenue and passenger journeys.Franchise is expected to make profit share payments to DFT for remainder of contract, to October 2017.  Full Article

Go-Ahead Group sees fy adj oper profit at or around upper end of market forecasts
Friday, 26 Aug 2016 08:50am EDT 

Go-ahead Group Plc :Expects to report FY adjusted operating profit at or around upper end of market forecasts and outlook remains unchanged..  Full Article

Go-Ahead says on track to meet FY expectations
Tuesday, 14 Jun 2016 02:11am EDT 

Go-ahead Group Plc : Full year expectations for group as a whole and for our bus and rail divisions remain unchanged . On an adjusted basis, 2015/16 will represent another year of strong profit growth for group . Company remains in a strong financial position, with robust cashflows .Company expects to hit £100m bus profit target on an adjusted basis.  Full Article

PRESS DIGEST- British Business - Feb 23

Feb 23 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.