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Highlights
- Aslef is scheduled to meet up over the coming week to make a decision on further action later this month.
- This would come along with RMT industrial action creating a week of chaos from Saturday.
- On 5 November, which is the first day of the planned strike, 15 train operating firms would participate along with the RMT staff.
In addition to facing railway strikes at the start of November, passengers might also have to deal with strikes in November end. The union of train drivers, Aslef, is scheduled to meet over the coming week to decide on further action later this month. This would come along with RMT industrial action creating a week of chaos from Saturday.
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Several train services across the UK would be disrupted due to the three full-day nationwide rail strikes and a potential London Underground strike. Travellers have been alerted to move only if it is genuinely required. As the members of the RMT union at Network Rail will start the strike, most rail services will shut down this Saturday, next Monday and Wednesday.
On 5 November, which is the first day of the planned strike, 15 train operating firms would participate along with the RMT staff. Nevertheless, the minor TSSA union has aborted its intended strike plans at Network Rail to enable further discussions. On strike days, approximately 20% of normal services are projected to function as usual.
While the industrial campaign is carried out and the dispute regarding pay and job cuts gets resolved, Kalkine Media® explores the following road & rail stocks.
FirstGroup plc (LON:FGP)
The YTD (year to date) and yearly returns of the leading transport operating firm in the UK and North America, FirstGroup plc, stands at 1.37% and 1.87%, respectively, as of 4 November. As the market opened at around 8:00 AM (GMT) on Friday, the FTSE250-listed FGP shares were trading at GBX 103.60. The market cap of FGP at the time of writing stands at £777.26 million. Currently, the firm has a turnover (on book) of £42,499.99.
Redde Northgate plc (LON:REDD)
The YTD and yearly returns of the prominent integrated mobility services provider, Redde Northgate plc, stand at -21.88% and -16.42%, respectively, as of 4 November. As the market opened at around 8:00 AM (GMT) on Friday, REDD shares were trading at GBX 344.00, up by 0.88%. The market cap of REDD at the time of writing stands at £792.04 million with an EPS of 0.41. Currently, the firm has a turnover (on book) of £582.16.
National Express Group plc (LON:NEX)
The YTD and yearly returns of the UK-based public transportation business, National Express Group plc, stand at -33.20% and -25.04%, respectively, as of 4 November. As the market opened at around 8:00 AM (GMT) on Friday, NEX shares were trading at GBX 171.80. The market cap of NEX at the time of writing stands at £1,055.00 million, with an EPS of -0.17. Currently, the firm has a turnover (on book) of £15,518.89.
