The loss of the London Midland franchise – which concluded at the end of 2017 – took a chunk out of Go-Ahead’s (GOG) pre-tax profits last year. That, combined with the cost of a settlement with the Department for Transport over service failures, offset rising passenger revenue at the Southeastern and Govia Thameslink Railway (GTR) franchises and meant rail operating profit fell more than a third.
IC TIP:
Hold
at
2,184p