Department for Transport goes ahead with another eight week contract for Go-Ahead

Iain Gilbert WebFG News | 17 Jul, 2017 19:06 | | |

go-ahead, train, transport
  • 1,511.00
  • 1.41%21.00
  • Max: 1,534.00
  • Min: 1,484.00
  • Volume: 156,853
  • MM 200 : n/a
17:17 15/12/17
  • 20,048.61
  • 0.21%42.34
  • Max: 20,048.61
  • Min: 19,962.70
  • Volume: 0
  • MM 200 : n/a
17:25 15/12/17
  • 9,870.58
  • 0.52%50.62
  • Max: 9,870.58
  • Min: 9,808.78
  • Volume: 0
  • MM 200 : n/a
17:25 15/12/17
  • 4,162.18
  • 0.51%21.06
  • Max: 4,162.18
  • Min: 4,133.41
  • Volume: 0
  • MM 200 : n/a
17:25 15/12/17
  • 4,108.96
  • 0.50%20.38
  • Max: 4,108.96
  • Min: 4,081.00
  • Volume: 0
  • MM 200 : n/a
17:25 15/12/17

Go-Ahead has just announced that their joint venture with Keolis, London Midland has been given an eight week franchise extension from 15 October to 10 December of this year by the Department for Transport (DfT).

London Midland has been operating train services from London to Liverpool and across the West Midlands since 2007.

Since the last contract began in April 2016 to now, the company has invest $14m in to raising performance and upgrading services such as WiFi and free-in-transit entertainment.

Go-Ahead, who are one of the leading UK public transport providers carry over 1bn customers per year on their 5,200 buses across London where they provide regular service for Transport for London as well as services in Oxford, East Anglia, the South East, Southern and North East England.

The rail portion of the business is split 65% to Go-Ahead and 35% to Kelios and is the largest rail operation in the UK , comprised of Govia Thames Link Rail, South Eastern and London Midland.

DfT have the option to renew the current contract for another 8 weeks to February 4th, 2018 and are shortlisted with just on other company for the next contract.

More news

17 Dec Sunday newspaper round-up: Poundland, Lloyds, Brexit, broadband, Amazon

The scandal-hit parent company of high street discount chain Poundland will this week face key creditors and insurers at a meeting that could determine the future of its British retail operations. Poundland is already under intense pressure after Atradius - one of the credit insurers on which suppliers rely to ensure they get paid - reduced its cover for the group. Reliable industry sources say another credit insurer, Euler Hermes, is also considering cutting cover. - The Sunday Times

15 Dec London close: Footsie gains as pound drops, Wall Street hits fresh highs

The top flight index recovered some ground on Friday, but mostly on account of weakness in Sterling after German Chancellor Angela Merkel reportedly echoed other European Union officials, saying "the most difficult phase is ahead of us".

15 Dec Week ahead: US data, Catalan elections in focus

The focus in the coming week will continue to be on the ebb and flow of data out of the US, including Republicans' progress on securing passage of their tax cuts.

15 Dec US open: Stocks jump as Republicans move to secure passage of tax cuts

Wall Street is heading higher again on Friday amid news that Republicans were tweaking their proposed tax cuts in order to secure prompt passage of the US tax bill.

15 Dec Airbus chief executive to step down in board shake-up

The chief executive of French planemaker Airbus will step down from his position in 2019 as the company announced a major shake-up of its management team.

15 Dec FTSE 250 movers: TalkTalk rises but Serco gives back gains

London’s FTSE 250 was up 0.1% to 20,023.23 in afternoon trade on Friday as the Christmas lull kicked in.

15 Dec US industrial production rises slightly less than expected in November

Industrial production in the States rose slightly less quickly than expected last month, despite higher output of business equipment and materials.

15 Dec Strategic Minerals renegotiates acquisition of Leigh Creek Copper Mine

Diversified mineral production and development company Strategic Minerals announced on Friday that, after the successful completion of technical and financial due diligence on the Leigh Creek Copper Mine company, it has agreed to continue with the acquisition on renegotiated terms.

15 Dec FTSE 100 movers: Sky jumps but retailers retreat on H&M sales

London’s FTSE 100 was up 0.3% to 7,469.23 in quiet afternoon trade on Friday.

15 Dec Gfinity partners with Microsoft for next Halo World Championship

International esports entertainment group Gfinity has been named as a preferred event partner to Microsoft for the forthcoming ‘Halo World Championship 2018’ for the next season, it announced on Friday.