Partly Cloudy

Partly Cloudy

max temp: 9°C

min temp: 4°C

Search

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

PUBLISHED: 12:31 01 May 2014 | UPDATED: 14:21 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.

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.”

Search hundreds of local jobs at Jobs24

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

Mike Spenser-Morris, of NHP Holdings, would pump millions of pounds into the proposed Travelodge and Starbucks development in Bury St Edmunds.

The UK is almost bottom of a European league table for maternity leave, according to a new study.

The business arms of two of the region’s leading water companies have announced they are joining forces to create a new water and wastewater retailer.

Over a £1,000 was raised for national gardening charity Greenfingers after Perrywood Garden Centre and Nurseries in Tiptree, Essex held a quiz night earlier this month.

Jobs will change rather than disappear over the next decade as robots are increasingly used in the world of work, a study has said.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24