Partly Cloudy

Partly Cloudy

max temp: 5°C

min temp: 0°C

ESTD 1874 Search

East Anglia: ‘Solid’ trading for Anglian Bus, Chambers and Hedingham owner Go-Ahead

12:31 01 May 2014

David Brown, chief executive at Go-Ahead

David Brown, chief executive at Go-Ahead

© Guy Bell

Bus and train operator Go-Ahead today reported “solid” trading for the first nine months of its financial year.

shares

Revenue from the group’s deregulated bus services, which include the Anglian Bus, Chambers, Hedingham and Konectbus fleets in Essex, Suffolk and Norfolk, was 3.5% up in the period to March 29, and 4% higher stripping out the effect of the Olympics in 2012.

Go-Ahead said the rise had been driven by both higher passenger numbers and increased route mileage, with commercial and concessionary travel both showing growth.

The group’s regulated bus services in London saw revenues grew by 6% (or 8% excluding the Olympics), helped by an increase in rail replacement work.

And its Southern, Southeastern and London Midland rail franchises recorded revenue growth of 7%, 4.5% and 8% respectively (7.5%, 6% and 9% excluding the Olympics), although the group cautioned that growth on London Midland was slowing as a result of increased competition of the West Coast Main Line.

“Overall, trading inboth our bus and rail businesses in the year to date has been solid and we remain confident that we will deliver a full year result in line with our expectations,” Go-Ahead said in a trading update.

Group chief executive David Brown added: “I am pleased with the overall performance of both our bus and rail businesses and our expectations for the full year remain unchanged.

“We continue to make good progress in our bus division and are on course to achieve our operating profit target of £100m by 2015-16.

“Our focus remains on achieving cost efficiencies in all areas of the business and driving revenue growth through our high quality operations. During the period we welcomed the results of the independent statutory watchdog Passenger Focus’ national customer satisfaction survey in which Go North East achieved 90% satisfaction.

“In our rail division overall underlying trading remains in line with our expectations. We await the outcome of the DfT’s Thameslink franchise competition and our bid team continues to work on upcoming opportunities.”

shares

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

James Allen of Birketts.

Regional law firm Birketts has advised the shareholders of Cambridge-based environment, health and safety management and sustainability software specialist cr360 on its sale to US-based safety science company UL Group.

Kent Blaxill's Alpine cyclists, from left,  Kevin Pryke, James Park, Simon Blaxill and Jullian Wood, present a cheque for £2,000 to Phillip George of the Rob George Foundation.

Four managers from Colchester-based builders’ merchant chain Kent Blaxill have presented £2,000 to a local charity following a cycle ride in the Alps.

Film students at UCS in Ipswich.
Auditions are planned for actors to wanting take part in student films

Could you take a starring role in a student-produced film?

Giles Ellerton, from BT Group, David Bell, FSB Essex Chair, ECC Cllr Lady Patricia Newton, Caroline Thomas, from The Social Accelerators, ECC Cllr Kevin Bentley and Paul Pritchard, from Abacus Accountancy, gathered at to mark superfast broadband coverage achieved across Essex business parks.

A celebration to mark the successful roll-out of superfast broadband to business parks across Essex was held on Thursday.

The main terminal building at Stansted Airport

Budget airlines easyJet and Ryanair have each announced a new route from Stansted Airport.

Most read

Fred Olsen Travel Sale

cover

Click here to view
the Fred Olsen
Travel Sale

View

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Great British Life

Great British Life
MyDate24 MyPhotos24