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Turnaround at rail group Go-Ahead picks up speed

Evening Standard

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April 05, 2022

MARKET ROUND-UP

- Graeme Evans

Turnaround at rail group Go-Ahead picks up speed

GO-AHEAD’S stock market turnaround picked up speed today after its new boss declared an “exciting future” for the rail and bus operator.

Investors liked what they heard from Christian Schreyer as his review promised a return to a pre-Covid dividend policy alongside a medium-term target for £4 billion revenues.

Go-Ahead shares jumped 6% and are up 65% in the past month, having only resumed trading in February after a difficult period that included a £23.3 million fine for the mishandling of its joint venture Southeastern franchise.

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