Overcast

Overcast

max temp: 19°C

min temp: 13°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.”

This is the story of the Neptune Inn in Fore Street, but before we learn of its history there are two diversionary tales, writes John Norman.

Suffolk New College is launching its summer programme of sports sessions for youngsters this week.

Top international speakers and academics gathered at the University of Suffolk last week for the Children and Childhoods Conference.

A primary school in Ipswich has failed to improve its Ofsted rating despite converting to an academy, it has been revealed.

Dementia-friendly care homes, forward-thinking mental health services and a café for people with disabilities are among those through to the final of the 2017 Suffolk Care Awards.

Imagine a music festival featuring Queen, Oasis, and The Jam in the heart of Ipswich’s Christchurch Park.

Pupils at Farlingaye High School in Woodbridge saw in the holidays with a ‘festival-like’ acoustic evening.

Screen Suffolk bosses have said they are encouraged by the amount of interest shown in youngsters for a career in TV and film.

The man arrested by police over a suspected murder in Bury St Edmunds on Thursday has been charged this evening.

Claydon High School has been recognised for its sporting prowess by achieving the School Games Mark silver award.

Most read

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24