Advertisement
Singapore markets closed

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Bitcoin USD

    63,686.77
    -2,740.12 (-4.13%)
     

  • CMC Crypto 200

    1,365.47
    -17.10 (-1.24%)
     

  • FTSE 100

    8,089.39
    +49.01 (+0.61%)
     

  • Gold

    2,337.40
    -1.00 (-0.04%)
     

  • Crude Oil

    83.08
    +0.27 (+0.33%)
     

  • 10-Yr Bond

    4.6850
    +0.0330 (+0.71%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -19.24 (-0.27%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

Go-Ahead sticks to outlook despite Southern strikes

Reuters
A Go Ahead bus crosses Westminster Bridge in London, Britain August 29, 2015. REUTERS/Neil Hall

LONDON (Reuters) - British bus and train operator Go-Ahead (GOG.L) said it was on track to post annual results in line with its expectations despite being hit by strikes on its Southern rail contract.

The Southern network is part of Govia Thameslink Railway (GTR), which is 65 percent owned by Go-Ahead alongside France's Keolis. It has faced widespread criticism from passengers, politicians and the media after months of strikes, cancellations and delays on trains into London.

Go-Ahead said on Tuesday that aside from its GTR contract, its rail and bus operations traded strongly in the July to October period.

Strikes during the period, most recently in October with more due in November, dragged on margins at the company's struggling GTR franchise, said Go-Ahead, but its expectations for the network's performance over the seven-year contract remained the same.

(Reporting by Sarah Young, Editing by Paul Sandle)