Shares in transport operator Go-Ahead (GOG) plunged 10% to £11.06 on Friday as the impact on earnings from the coronavirus lockdown starts to become clear. The firm issued a profit warning, with the impact from coronavirus on travel demand meaning operating profit for the year ending 27 June 2020 is now expected to be between £63m-75m, a sharp drop from the £121m profit it made last ...

UK stocks slumped in early trade on Friday, the FTSE 100 down 113 points or 1.9% to 5,902.3, after retail sales tanked in April and China proposed a new security law in Hong Kong that stoked trade tensions with the US. Luxury goods leader Burberry (BRBY) bucked the trend, adding 2% to trade at £14.02 as the trench coats-to-cashmere scarves seller said year-to-date sales in Mainland China and ...

According to the International Monetary Fund (IMF) the total cumulative amount of global liquidity injections, in the form of government spending packages and central bank stimulus measures, adds up to a whopping $14trn. This represents around 17% of the value of global gross domestic product (GDP), a common measure of the value of all goods and services produced within an economy. Whichever ...

The market has come storming back since it bottomed out on 23 March from a coronavirus-inspired plunge. As we write the FTSE 100 is above the 5,700 mark and some 16% off its lows. Suggestions that some countries are past the peak of infections, a cautious reopening of the Chinese economy and reports of progress on a coronavirus treatment have all helped sentiment. In the FTSE 350, travel ...

After falls in Europe and the US on Friday, Asian markets were mixed at the start of the week as the coronavirus death toll continued to climb. On currency markets the pound lost 0.5% to $1.239 while in commodities gold lost 0.8% to $1,612/oz. However, the big news was in the oil market where the price war between Russia and Saudi Arabia pushed Brent crude to an 18-year low of $23/barrel and ...

Bus and rail operators were rare gainers on Monday as they move to conserve cash and revealed Government-backed revenues protections. Shares in Southeastern and Thameslink operator Go-Ahead (GOG) soared over 13% to 737p as it said in an update that it took swift action to mitigate the impact of dwindling passenger numbers in its non-contracted markets. THREE QUARTERS OF REVENUE PROTECTED ...

After falling more than 4% on Friday, S&P500 stock-index futures were ‘limit down’ in Asian trading on Monday, rattled by the coronavirus pandemic and a delay in Washington over an economic rescue package. In Asia, stock markets fell sharply with benchmarks in Australia, Hong Kong and South Korea down over 5% after the number of confirmed virus cases world-wide more than doubled in a ...

In the next few weeks the Government is set to publish a review of the UK rail industry which is likely to recommend a major shake-up in the way trains are run and the way we pay for them. The Williams Review, led by former British Airways boss Keith Williams, has been a year in the making and is expected to call for changes to both the current franchise model and the ticketing model, with ...

Bus and rail group Go-Ahead (GOG) is something of a ‘marmite’ stock and won’t appeal to everyone but we think it represents a cheap play on a recovering UK economy while offering a decent yield for income investors. Go-Ahead is one of the UK’s leading public transport providers. With the UK set to be the fastest-growing European economy in 2020 as confidence rebounds following the ...

UK equity rallied strongly in early trade on Friday as investors welcome the removal of several key risks that have been hanging over the stock market, sparking the pound to post its biggest gain against the dollar in two and a half years, with £1 worth $1.34. The market now has more confidence that Prime Minister Boris Johnson should be able to pass a Brexit deal and for the UK to formally ...

The FTSE 100 got off to a slow start this morning after US president Donald Trump signed into law a bill backing Hong Kong’s protesters. Stock markets around the world fell sharply on the news, fearing that China will retaliate. Beijing has consistently warned the US and other countries against interfering in what it sees as its internal affairs. The UK’s benchmark index no different to ...

The FTSE 100 opens marginally lower at 7,304 on Thursday after the Prime Minister was boxed in by Parliament overnight. MPs from both sides blocked both a no-deal Brexit and a call for a snap election. In addition a number of stocks are trading ex-dividend today, dragging on the index. After the close last night FTSE Russell announced its quarterly index review, making three changes to the FTSE ...

Trains and buses running on time is a rare thing in the UK, so perhaps that’s why the market has cheered the latest results from Go-Ahead (GOG). Or it might be the fact the transport company has raised its full-year expectations in its London and international bus division, and is currently trading ahead of expectations in Dublin and Singapore. READ MORE ABOUT GO-AHEAD HERE The transport ...

The FTSE 100 is up 0.6% in early trading to 7,261.82 shrugging off the continuing stand-off between Mexico and the US over trade. Several stocks traded ex-dividend including housebuilder Taylor Wimpey (TW.) which led the list of FTSE fallers down 6.6%. Transport operator Go-Ahead Group (GOG) gains 10% as it lifts its outlook on its London and international bus division due to ...

Despite weakness on Wall Street and Parliament failing to support any of the Brexit options put before it last night, the FTSE 100 is in fairly chipper mood on Thursday opening up 0.5% at 7,228. The biggest contributors by sector are Banks, Healthcare, Mining and Tobacco, which doesn't tell us much about sentiment as Banks and Miners are typically 'risk-on' while Healthcare and Tobacco are ...

Plans to buyout UK shopping centres operator Intu Properties (INTU) have fallen through after a consortium led by the group’s chairman John Whittaker pulled the plug. This comes a huge disappointment to investors in the owner of Manchester's Trafford Centre, sparking a massive 38%-plus slump in the Intu share price, to 117.85p. That values the business at about £1.6bn. This is the second ...

Train operator Go-Ahead (GOG) has continued its strong performance with trading in the year to 30 June exceeding expectations thanks to a strong performance in its rail division. Operating profit of £135.9m beat analysts’ forecasts of £131.2m by approximately 4%. Shares in the Southern and Southeastern operator surged 14.4% to £18.70. Pre-tax profit is up 6.5% at £145.7m. Profit was ...

The FTSE slipped into negative territory amid weakness in the mining sector, pushing the index 10 points lower in early trading to 7,375 in early trading. Energy providers Centrica (CNA) and SSE (SSE) are up 3.8% to 148.9p and 1.3% to £12.81 respectively as details of a energy price cap are published, ending months of uncertainty. The market is concerned about Sirius ...

On a typically quiet August Wednesday UK markets open on the back foot with little corporate activity around to inspire investors. The FTSE 100 index begins the day by opening around 20 points, or 0.3%, lower at 7,546.35, with mid cap FTSE 250 and small cap indexes also posting modest reverses. On currency markets, the pound is flat against both the dollar and euro, at $1.2903 and €1.1149 ...

The FTSE 100 is flat in early trading on Monday on soft Chinese economic data and ahead of a key Brexit vote in the UK parliament later. Drug maker Indivior (INDV) says a US court has granted a preliminary injunction against Dr. Reddy's Laboratories, preventing the sale of a generic version of the company’s opioid addiction treatment. Shares in the firm, which have been battered amid ...