Transport group issues revenues warning after loss of rail franchise
The parent of London Midland has warned shareholders the loss of the rail franchise will impact its revenue prospects moving forward.
In its full-year results statement, the Go-Ahead Group said it was disappointed the Department for Transport had awarded the West Midlands contract to a rival bid.
In a double-dose of bad news for shareholders, the group said slowing growth in sister franchise, Southeastern would likely continue.
It said: “Having been unsuccessful in the bid to retain the London Midland contract, the franchis... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
