Moody’s withdraws GoAhead’s rating following results delay January 31, 2022 Moody’s has withdrawn Go Ahead Group’s rating following the firm’s announcement last week that its audited results would be delayed until the end of February. The credit rating company has also removed Go Ahead’s Ba1 corporate family rating and its Ba1-PD probability of default rating, after initially reviewing them for a downgrade. Moody’s cited the [...]
Watchdog mulls investigation for EY and Deloitte over Southeastern audits October 3, 2021 The accountancy watchdog is debating whether to launch a probe into the auditors of the Southeastern train line after the company last week admitted to hiding £25m owed to the state. The Financial Reporting Council is looking into whether audit giants EY and Deloitte have a case to answer, sources told the Sunday Telegraph. Last [...]
Go-Ahead Group names Transdev exec as new boss July 22, 2021 Go-Ahead Group has today named Christian Schreyer as its new chief executive following the departure of long-serving boss David Brown. German national Schreyer, who is currently the chief executive for central and north Europe at public transport operator Transdev, will take over on 1 November. Prior to that, he worked for Deutsche Bahn group for [...]
Go-Ahead to make all buses and trains net zero by 2035 July 14, 2021 Go Ahead Group will run all 5000 of its buses and all of its trains on electric or hydrogen power by 2035, the firm announced this morning. Under the new plan, the FTSE 250 firm will cut emissions from its operations 75 per cent by 2035, and to net zero by 2045, five years ahead [...]
Final stop: Go-Ahead CEO David Brown to leave after ten years in charge May 26, 2021 Transport group Go-Ahead today announced that CEO David Brown will leave after leading the company for more than ten years. Brown, who will depart at the end of this year, has spent nearly 40 years working in the transport industry. He worked as CEO of London Buses for Go-Ahead and managing director at Transport for [...]
Government must get people back on public transport to drive green recovery, says Go-Ahead boss March 11, 2021 Encouraging people to get back on public transport when the current Covid restrictions are lifted is vital to the government’s net zero plans, Go-Ahead chief executive David Brown has said. Speaking to City A.M., he said that the future of the country’s public transport providers was bound up with “where the government wants to go [...]
Go Ahead shares plunge as firm warns on full year profit March 12, 2020 Bus operator Go Ahead Group saw its shares shed over a third of their value today after the firm reduced its full year profit expectations on the back of extended periods of adverse weather. The firm added that it was also expecting the coronavirus impact to have an impact on its results, but could not [...]
Scrapped: Government cancels bidding for Southeastern rail franchise as fresh search for operator begins August 7, 2019 The government has faced accusations of running Britain’s railways “on the hoof” after it scrapped the bidding process for the Southeastern rail franchise, making it the latest botched procurement by the Department for Transport (DfT). Officials will now have until 1 April 2020 to choose the next franchise operator. Go-Ahead Group, which currently operates the [...]
Go-Ahead shares thrive as it predicts higher sales June 6, 2019 Go-Ahead expects revenues to be higher than originally thought in its London and international bus division, it said today. Read more: Go-Ahead appoints new interim chief financial officer The transport company also said it has seen its growth in passenger volumes and revenues in all regional bus businesses. That sent Go-Ahead’s share price soaring 9.4 [...]
Rail and bus firm Go Ahead upgrades full-year outlook despite drop in profits February 21, 2019 Profits at rail and bus operator the Go Ahead Group dropped by more than 50 per cent in the second half of last year due to the scrapping of its London Midland franchise and poor financial performance for Govia Thameslink Railway (GTR). However, although rail operating profit fell from £40.3m to £17.6m in the six months ending [...]