Go-Ahead is at full steam

BUS and rail group Go-Ahead expects to beat its previous full-year profit guidance after a strong performance over the last three months, helped by solid growth at its UK rail business.

The company, which operates commuter rail franchises through its majority-owned joint venture Govia, yesterday said UK rail revenues grew by more than 10 per cent in the three months to 2 April and that sales at its British bus business rose 9.8 per cent.

Go-Ahead said its US yellow school bus venture was making progress.

Despite the positive UK performance the company said it continued “to remain cautious about the medium term prospects for the wider economy”.

The update was the last one from chief executive Keith Ludeman, who retires in July.