マーケットレポート: Go-Ahead stock hits the buffers as penalty looms

マーケットレポート: Go-Ahead stock hits the buffers after firm admits to ‘serious errorsover running of Southeastern railway

Go-Ahead Group, the UK’s biggest rail operator, saw its shares derailed after it admitted to ‘serious errorsover its running of the Southeastern railway.

The stock tumbled 14.9 パーセント, or 105p, to 600p as the company predicted that it would be slapped with a fine by the Department for Transport (DfT) over the matter. しかしながら, the size of the penalty was ‘difficultto estimate.

Go-Ahead was stripped of the Southeastern contract by the DfT in September after failing to repay £25million in taxpayer cash.

当局や地元のメディアによって指名されていない人: Go-Ahead stock tumbled 14.9%, or 105p, to 600p as the company predicted that it would be slapped with a fine by the Department for Transport

当局や地元のメディアによって指名されていない人: Go-Ahead stock tumbled 14.9%, or 105p, to 600p as the company predicted that it would be slapped with a fine by the Department for Transport

Keolis, the company’s partner in running Southeastern which is owned by the French state-backed firm SNCF, is also set to receive a hefty penalty.

As a result of the fallout from the scandal and the expected fines, Go-Ahead will not be able to file its accounts before a deadline on January 3, meaning its shares will be ‘temporarily suspendedfrom trading the following day.

この, 順番に, means the company is at risk of defaulting on its loans. しかしながら, it is currently trying to agree a waiver on its debt repayments until it can publish its annual results.

ストックウォッチ – Cloudcall

Cloudcall, a provider of telephone and messaging systems to businesses, soared after a takeover swoop from a tech investor.

Venture capital firm Xplorer has offered 81.5p per share in cash, なんと 72 per cent premium to the company’s closing price on Wednesday, the last trading day before the deal was announced.

The offer, which values the entire business at nearly £40million, has been unanimously recommended by Cloudcall’s board.

The shares soared 66.3 パーセント, or 31.5p, to 79p.

There was further misery abroad, with Go-Ahead’s Norwegian business facing heavy losses on a rail contract unless it can thrash out a funding deal with the country’s government.

その間, its German arm is dealing with mounting financial pressure including nearly £26million in losses from contracts in Bavaria. Another £10million is expected to be set aside for losses in its results.

FTSE 100 失われた 0.2 パーセント, または 15.79 ポイント, に 7321.26 FTSEが 250 ドロップ 0.4 パーセント, または 82.39 ポイント, に 23148.04.

Tighter pandemic restrictions in the UK dented market confidence heading into the festive season, with leisure stocks taking a hit amid worries rules around mask-wearing could put off customers.

Shares in Cineworld slipped 3.5 パーセント, or 1.78p, to 49.86p while Restaurant Group, the owner of Wagamama and Frankie & Benny’s, sank 4.8 パーセント, or 4.4p, to 86.5p and Revolution Bars fell 6.1 パーセント, or 1.25p, to 19.25p.

Discount retailer B&M bounced 2.3 パーセント, or 14.2p, to 644p after unveiling plans to return £250million to shareholders.

The company will pay a special dividend of 25p per share on January 14 after business boomed during the pandemic.

FTSE 250 ventilation specialist Volution jumped 4.9 パーセント, or 25p, to 539p as it shrugged off supply chain issues and rising costs to post a bullish trading update.

Revenues for the four months to the end of November were up 14.6 前年比, boosted by several acquisitions and the company increasing prices to combat inflation.

Pharma giant AstraZeneca climbed 0.9 パーセント, or 78p, to 8362p after its Evusheld antibody treatment to protect against Covid-19 received emergency approval from US regulators.

The therapy is designed for adults and teenagers with compromised immune systems who may not be able to take vaccines.

Antivirus software seller Avast snapped up Evernym, a US-based provider of identity verification tech, for an undisclosed sum.

The purchase, which is expected to complete in mid-December, is expected to help Avast develop ‘breakthrough identity products’. The shares edged up 0.1 パーセント, or 0.6p, to 614.6p.

Mid-cap construction group Balfour Beatty added 2.3 パーセント, or 5.6p, to 252.8p as it predicted a return of profits to pre-pandemic levels.

The group expects a profit for 2021 ‘in linewith the £172million it delivered in 2019.

Peer Renew Holdings shot up 5.4 パーセント, or 43p, to 845p after record results. For the year to the end of September, pre-tax profits jumped 27 per cent to £40.8million while revenues surged 28 per cent to £791million.