Newspaper article The Journal (Newcastle, England)

Go-Ahead Performing Well despite Challenges; FTSE 100

Newspaper article The Journal (Newcastle, England)

Go-Ahead Performing Well despite Challenges; FTSE 100

Article excerpt

Byline: GARY WELFORD Brewin Dolphin

GO-AHEAD released its first quarter trading update. Regional bus services continue to perform well in terms of their revenue generation, with 1% growth in the first quarter.

This comes despite a decline in passenger numbers. Overall performance in rail has been strong, despite the ongoing challenges at the new franchise, GTR, which absorbed the Southern and Gatwick Express franchises in July. The shares ended the day at 2476p, up 1.8%.

Polymetal production results were very strong. Gold equivalent production of 429koz was up 28% quarter on quarter due to seasonal de-stocking of concentrate from the Mayskoye mine and continuing strong performance at the Dukat and Albazino mines. Gold equivalent production for the first nine months of 1,061koz is 78% of fullyear guidance, which therefore looks likely to be beaten. The shares closed at 596p, up 1%.

Whitbread, Costa Coffee and Premier Inn owner, shares were in demand following another beat versus forecasted profit. …

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