Southeastern franchise operator Go-Ahead’s shares rocket after Conservative win
The operator of the Southeastern rail franchise has seen share prices up by 12 per cent today after Conservative victory at the election.
Go-Ahead operate the franchise alongside Keolis, which is majority owned by French national rail company SNCF.
The current short term extension to the franchise is due to end in April 2020, though recent rumours suggest yet another two year extension until April 2022. There have been a number of short term extensions since 2014 which has blocked long-term investment in areas such as new trains and additional station staffing.
Go-Ahead operate Thameslink aside from Southeastern and Boris Johnson was in favour of devolving Southeastern Metro services to TfL when Mayor. Whether that policy returns remains to be seen.