November 28, 2019 / 7:28 AM / 7 days ago

UK's Go-Ahead sees lower annual financial performance for bus unit

Nov 28 (Reuters) - Transport company Go-Ahead Group Plc on Thursday slightly lowered its expectations for its regional bus division’s annual financial performance, as it works to integrate a new Manchester bus company and faces cost pressures.

The company, which faces a threat from the Labour Party’s plan to nationalise the rail industry, said it had seen driver and engineering costs rise in its regional bus unit and was working to lower expenses and address underperforming areas of the business. (Reporting by Noor Zainab Hussain and Yadarisa Shabong in Bengaluru; editing by Uttaresh.V)

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