max temp: 15°C

min temp: 12°C


East Anglia: ‘Solid’ trading for Anglian Bus, Chambers and Hedingham owner Go-Ahead

12:31 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.”


Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other Ipswich Star visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Ipswich Star staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Ipswich Star account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Half term is nearly over and you have exhausted your usual list of family activities - arts and crafts, cinema trip and a day out at the park.

Motorists are being warned that highways engineers will be surveying the road surface of the A14 in Suffolk next week.

Campaigners are today making a toast to community spirit and tasting a hard-earned sip of success as their dream of saving a village pub becomes a reality.

Fright night fun comes to Ipswich, Bury St Edmunds and Lowestoft this weekend as we celebrate Halloween - with the actual scare-fest taking place on Monday, October 31.

A D-Day veteran from Ipswich has been treated to a celebration lunch with the mayor after being awarded a French Legion of Honour medal for his role in the Normandy landings.

Get yourself protected – that’s the message from Suffolk health professionals to vulnerable people who are eligible for free flu jabs.

Through our iwitness24 site readers are able to share their photos of Suffolk’s top beauty spots, nature images that have been taken great patience to shoot and funny photos that bring a smile to your face.

More than 4,000 motorists were caught speeding during the first three months of enforcing the new 60mph speed limit on the Orwell Bridge.

A drug user found with cannabis inside a Kinder egg after going to Martlesham police investigation centre to answer bail for a theft offence has been jailed.

The clocks will wind back an hour this weekend, giving you an extra hour in bed.

Most read

Most commented


Show Job Lists

Topic pages


Newsletter Sign Up

MyDate24 MyPhotos24