Bus and rail firm Go-Ahead ups outlook despite the coronavirus lockdown hitting demand

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Bus and rail firm Go-Ahead ups its outlook despite the coronavirus lockdown hitting demand

Go-Ahead has improved its outlook

Go-Ahead has improved its outlook

Go-Ahead has improved its outlook despite the month-long England-wide lockdown hitting demand. 

The bus and rail firm said a better performance in its London and international bus division offset falling demand amid the lockdown. 

The group, which runs services such as Govia Thameslink Railway and Southeastern, warned that regional bus profits are expected to plunge by around half in the six months to January 2 compared with a year earlier. 

But Go-Ahead chief executive David Brown said the performance ahead of the lockdown signalled that demand would recover. The firm also said it is aims to pay a dividend at an ‘appropriate level’ in 2021. 

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