Andrada Mining acquisition elevates the miner to emerging mid-tier status. 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

Minister tells Southern Railway to pull up its socks

Mon, 11th Jul 2016 10:08

(ShareCast News) - Under-fire train operating company Southern Railway has been warned by the rail minister to pull up its socks - or risk having its parent company barred from bidding for any future franchises.The operator is responsible for routes in south London and the south of England, primarily centred around the London to Brighton main line out of Victoria station.It is a part of the Govia Thameslink Railway 'superfranchise', which is majority-owned by FTSE 250 transport company Go-Ahead.Southern services have been plagued by hundreds of delays and cancellations daily as a result of what the company calls staff shortages - though the unions dispute that claim and say the chaos is a result of mismanagement and unfair treatment of workers.Govia has introduced an emergency timetable which sees 341 trains each day disappear from the schedules, in a bid to "normalise" services.Rail minister Claire Perry told BBC Radio 4's Today on Monday that Govia would not be allowed to bid for further franchises unless it improved it service.She did not go as far as saying she would review its ownership of the franchise, however."It's been quite clear to me that companies who cannot deliver a good service, particularly over the things they can control, should not be bidding for new franchises and we need to be absolutely clear about that," Perry said."We need to ask serious questions about their performance going forward."Perry said the failures were the collective responsibility of Govia, the Department for Transport and state infrastructure owner Network Rail."If I were to say today the department is to run the franchise, would anything change?""The problems we've got are a major engineering works and a series of industrial actions, both of which would continue regardless of whose name is on the door," the minister said.Perry stressed the importance of getting Govia and the unions to "sort out their differences".The operators long-suffering commuters are expected to demonstrate at London Victoria station during the evening rush hour, in protest of the ongoing state of the service.
More News
5 Sep 2019 09:16

Go-Ahead profits tumble following loss of London Midland franchise

(Sharecast News) - British transport firm Go-Ahead Group reported lower annual pre-tax profits on Thursday after earnings from its rail unit almost halved following the loss of its London Midland franchise.

Read more
5 Sep 2019 08:09

UPDATE 1-Go-Ahead annual revenue beats estimates, railway unit hits profit

(Adds details on results, background)Sept 5 (Reuters) - 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 ...

Read more
5 Sep 2019 07:36

LONDON MARKET PRE-OPEN: William Hill's Digital Focus; boohoo Upgrades

(Alliance News) - Stocks in London are set to open higher on Thursday on news of another round of US-China trade talks, while the pound continued to rally amid further high-stakes votes in last UK

Read more
29 Aug 2019 15:59

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 30 August Cathay International HoldingsHalf Year ResultsEMIS GroupHalf Year Year 2

Read more
7 Aug 2019 07:48

LONDON MARKET PRE-OPEN: Higher Call; Standard Life Outflows Improve

(Alliance News) - Stock prices in London are set to open cautiously higher on Wednesday, with no new developments in the US-China trade war overnight but traders wary that tensions could notch up

Read more
27 Jun 2019 09:32

Go-Ahead Hires Eurostar Chair And Ex-Spire Healthcare CEO As New Chair

(Alliance News) - Go-Ahead Group PLC on Thursday said Clare Hollingsworth will replace Non-Executive Chair Andrew Allner, who will step down and retire from the board at the end of FTSE 250-listed

Read more
27 Jun 2019 08:09

Allner out, Hollingsworth in as Go-Ahead chair

(Sharecast News) - Go-Ahead Group announced on Thursday that Andrew Allner was stepping down as the company's non-executive chairman, and would retire from the board at the end of its annual general meeting on 31 October.

Read more
27 Jun 2019 07:49

LONDON MARKET PRE-OPEN: Kingfisher Picks New CEO From Carrefour Asia

(Alliance News) - Stocks in London are set for a broadly flat start to Thursday's session with traders continuing to look ahead to this week's G20 summit in Japan, as the US threatened yet

Read more
18 Jun 2019 14:52

FTSE 250 movers: Kier climbs, Sirius Minerals slips

(Sharecast News) - London's FTSE 250 edged up by 0.49% to 19,250.56 in afternoon trading on Tuesday, with Kier leading the index higher.

Read more
13 Jun 2019 12:20

Go-Ahead confirms extension to Southeastern rail franchise

(Sharecast News) - Transport operator Go-Ahead has confirmed an extension of its Southeastern rail franchise.

Read more
10 Jun 2019 12:22

Liberum upgrades Go-Ahead earnings ahead of 'improved chance' for franchise win

(Sharecast News) - Analysts at Liberum hiked their target price for shares of Go-Ahead Group from 1,930p to 2,000p, raising their 2019-20 earnings estimates in tandem on the back of an encouraging update on trading from the business' London and International bus division while expressing confidence that the company would likely retain its Southeastern Rail franchise.

Read more
6 Jun 2019 12:15

LONDON MARKET MIDDAY: Stocks Rise On Expectation Of Dovish Draghi

LONDON (Alliance News) - Stocks in London were mixed Thursday at midday, with large- and mid-cap indices firmly in the green as investors anticipate a dovish outlook from Europe's central In a

Read more
6 Jun 2019 10:47

WINNERS & LOSERS SUMMARY: Rolls Royce And L&G Rise On Pension Pact

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Rolls up

Read more
6 Jun 2019 08:57

LONDON MARKET OPEN: Stocks Open Higher As Aviva Sets New Course

LONDON (Alliance News) - Stock prices in London opened broadly in the green Thursday with blue-chips led by Aviva and mid-caps by Entertainment One. The FTSE 100

Read more
6 Jun 2019 07:45

LONDON MARKET PRE-OPEN: L&G Buys Rolls Royce Pensions; Aviva Cuts Jobs

LONDON (Alliance News) - Stock prices in London are set to open lower Thursday, with positive sentiment dissipating as investors await the European Central Bank's interest rate decision and at

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.