Explaining how Go-Ahead shares dropped £1.35 to just over £24 despite pre-tax profits rising 14% to £96m, Industrial Editor Robert Lea names "the outlook for London's congested roads and the chaotic state of its main London Bridge hub.” Operating margins from the rail side were 1.1%, against 3% assumed for Thameslink when Go-Ahead signed its seven-year franchise. - TS
- We've read it in: The Times, September 4 2015