Go Ahead Group GOG The really good news is that Go Ahead is bidding for a number of new rail contracts but they are all in Germany, so success will not bring more misery to the UK
The grossly misnamed provider of rail and bus services to the long suffering British public announces that it shares with its customers, expectations for its rail division, namely that they will be lower than what was previously hoped for helpful site. Overall growth rates for the bus division have been suppressed adding to the problems of the troubled company, by what appears to be fairly substantial weakness in the north east but Singapore is doing its best to save the day and make up for the Geordie shortfall. GTR services have been heavily impacted by Aslef’s industrial action but further risks remain.
Centrica CNA expects to exceed its 2016 targets first set out at its 2015 preliminary results. The second half performance has been strong. Efficiency savings have absorbed the effects both of inflation and currency movements and the like for like head count has been reduced by 3,000. Adjusted earnings per share are expected to be around 16.5p. A stronger second half performance in North America energy supply has also helped following the warm weather problems of the first half. Preliminary results are expected on the 23rd February.
Bunzl BNZL has not seen much change since its last update. Forecasts for the year to the end of December are still that group revenue will have risen by 14-15% at actual currency rates and 4-5% at constant currency rates,and all of it due mainly to acquisitions. Bunzl agreed to buy 13 businesses this year. The only change which may be significant is that the 4th quarter has seen the beginnings of like for like growth, contrary to the first 3 quarters.
GVC Holdings GVC is to increase by 49% the special dividend announced on the 3rd November, following strong fourth quarter trading and growing momentum. Results for the year to 31st December are expected to be at the upper end of market expectations.
Impellam Group IPEL admits that it is managing and will continue to manage the business prudently but only because of the prevailing uncertainty in the UK and the fact that UK healthcare performance has been impacted by the actions of the government. One can only wonder how it managed the business previously before these factors came into play and how it will manage it in the future once the need for prudence has flown out of the window, The company spokesperson gets this weeks foot in mouth prize.