- Fresh travel strikes till the weekend are likely to spoil the travel plans of thousands of commuters.
- Till Sunday, strikes will force travel operators to run only a handful of services.
Commuters in the UK should brace for disruption as fresh strikes by thousands of rail, tube, and bus staff will leave only a few services running. For the next few days, transport services will be severely hit amid the long-running dispute over wages, jobs, and conditions. Despite several rounds of talks, a resolution to the deadlock hasn't been found, leading to more strikes by the workers' unions.
The industrial action will see participation from the members of the Rail, Maritime and Transport (RMT) union, Transport Salaried Staffs Association (TSSA) and Unite.
The strikes will take place on Thursday, and their knock-on effects will cause travel chaos on Friday morning as well. Besides, members of the RMT and Unite on the London Underground will walk out on Friday. Similar strikes are planned for Saturday and Sunday.
Image source: © Nosyrevy | Megapixl.com
Scotland, too, will witness such strikes on Thursday and Saturday, and only a handful of services will remain operational. ScotRail has issued a warning that it'll operate a minimal number of services on Thursday due to the strike, advising commuters to plan their travel accordingly. The operator has also warned of possible disruptions on Friday and Sunday due to these strikes.
Let's explore some FTSE-listed stocks which might be affected by these strikes.
National Express Group Plc (LON: NEX)
National Express Group is a public transport firm that operates several train, bus, coach, and tram services in multiple countries. With a market cap of £1,157.55 million, its shares have slipped nearly 28% over the past 52 weeks. The earnings per share (EPS) also stand in the negative territory at -0.17. Shares of the company were trading at GBX 188.90, up 0.21% as of 8:42 am GMT+1 on 18 August.
The Go-Ahead Group Plc (LON: GOG)
The UK-based transport company has operations in three segments -- London & International Bus, Regional Bus, and Rail. It presently holds a market cap of £664.93 million and has provided decent returns to the shareholders in the past year. Over the last 12 months, its share value has appreciated by 55.32%, while the year-to-date return has more than doubled at 130.88%. The share price of the firm stood at GBX 1,540.00 as of 8:46 am GMT+1 on 18 August.
FirstGroup Plc (LON: FGP)
The British multinational transport group operates in the UK and North America, providing public transport facilities. Listed on the mid-cap-focused FTSE 250 index, the company holds a market cap of £848.43 million and has provided a return of 26.23% to investors over the past year. It has an EPS of 0.60, and the shares were trading at GBX 112.60, down 0.44% as of 8:46 am GMT+1 on Thursday.
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