Go-Ahead in gear for year ahead

FTSE 250 transport firm Go-Ahead said trading in the year to date has been resilient and its remains confident of delivering full year results in line with company expectations.

FTSE 250 transport firm Go-Ahead said trading in the year to date has been resilient and its remains confident of delivering full year results in line with company expectations.

Its bus division performed well in a challenging economic environment and it remains on track to achieve its target to organically grow bus operating profit to £100m by 2015/16.

Rail revenue yield in the quarter has been more modest than in the first half of the year, as January fare increases were lower than last year.

Overall the group saw a resilient performance across its operations, with all of its companies seeing growth in commercial revenue in the year to date.

"I remain confident that we will deliver a full year result in line with our expectations," said Chief Executive David Brown.

Go-Ahead said it remains in a good financial position with strong cash generation and a robust balance sheet.

CJ

Recommended

Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021
Share tips of the week – 17 September
Share tips

Share tips of the week – 17 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
17 Sep 2021
Royal Mail will deliver for investors – here's how to play it
Trading

Royal Mail will deliver for investors – here's how to play it

Royal Mail Group has found its feet in the past 18 months and looks cheap. Matthew Partridge looks at how to trade the shares.
14 Sep 2021
The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021

Most Popular

The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
How to stop recurring subscriptions becoming a drain on your money
Personal finance

How to stop recurring subscriptions becoming a drain on your money

Tracking and pruning subscriptions isn’t as easy as it sounds. Here's how to take charge.
14 Sep 2021