Share prices fell in the major bus and rail firms following the announcement of Friday that the U.K voted to leave the European Union.
Stagecoach shares have fallen by nine per cent; National Express shares by eight per cent, and FirstGroup and Go-Ahead shares both by 7% from pre-Brexit Thursday, the fall of Friday continuing yesterday. This means that the value of Stagecoach shares at 234.9p is lower than at any time in the last three years and at any time in over two years for Go-Ahead at 1946p. An analyst at RBC told London's Evening Standard that leaving the EU will mean that the companies' margins will be squeezed bcause consumers will have less to spend and fuel costs will increase.
He added that rail contract bids "will now struggle to meet planned revenues and profit targets" and the UK Government faces a new recession meaning less public expenditure on transport.
TransportXtra is part of Landor LINKS
© 2024 TransportXtra | Landor LINKS Ltd | All Rights Reserved
Subscriptions, Magazines & Online Access Enquires
[Frequently Asked Questions]
Email: subs.ltt@landor.co.uk | Tel: +44 (0) 20 7091 7959
Shop & Accounts Enquires
Email: accounts@landor.co.uk | Tel: +44 (0) 20 7091 7855
Advertising Sales & Recruitment Enquires
Email: daniel@landor.co.uk | Tel: +44 (0) 20 7091 7861
Events & Conference Enquires
Email: conferences@landor.co.uk | Tel: +44 (0) 20 7091 7865
Press Releases & Editorial Enquires
Email: info@transportxtra.com | Tel: +44 (0) 20 7091 7875
Privacy Policy | Terms and Conditions | Advertise
Web design london by Brainiac Media 2020