Stocks to watch amid travel disruptions: FGP, GOG, REDD

August 19, 2022 12:31 PM BST | By Rishika Raina
 Stocks to watch amid travel disruptions: FGP, GOG, REDD
Image source: Matthew Nichol, Shutterstock.com

Highlights 

  • London faces travel disruptions as RMT workers go on strike.
  • TfL warns that the strike could go on for a long time until matters related to jobs and pay are settled.
  • In western and south-western parts of London and also parts of Surrey, bus services were also facing disruptions.

London is facing huge transportation disruptions as Rail, Maritime and Transport union (RMT) workers go on a strike due to several concerns including jobs and pensions. Transport for London’s (TfL) website revealed that services on a large number of tube lines were barred from being used, with an extremely restricted operation at other places.

In western and south-western parts of London and also parts of Surrey, bus services were also facing disruptions. This happened due to a different dispute started by the bus drivers in London, who are members of Unite. The strike took place on Friday and Saturday due to pay issues, as per TfL.

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The rail union leaders have given an open warning that the strike will continue for as long as it takes to fix the issue related to jobs, salaries and working environment. Rail workers are expected to strike again on Saturday, which would impact the train services on Sunday morning. London United routes would be affected by the Unite bus strike.

TfL has requested people to sidestep tube usage on Friday and until 8 AM on Saturday, and travel only if its absolutely necessary. Thursday’s strike by members of the RMT, Transport Salaried Staffs Association (TSSA) and Unite led to travel disturbances with only one in five trains operating, and for some regions not even having any services for the whole day.

Amid the ongoing travel disruptions, UK investors can keep an eye on these road and rail stocks suggested by Kalkine Media®, which may help in strengthening their portfolio.

FirstGroup plc (LON:FGP)

The shares of the UK-based globally operating transport group, FirstGroup plc, were down by 0.81%, trading at GBX 110.60, at 11:34 AM (GMT+1) on Friday. The group, which falls under the FTSE 250 index, presently holds a market capitalization of £836.43m. FirstGroup has given decent returns to its investors on both one-year and YTD (year-to-date) basis as of 19 August, which stand at 20.25% and 7.95%, respectively. Its EPS (earnings per share) also lies in the positive territory, at 0.60. The company’s turnover (on book) currently stands at £552,508.29.

The Go-Ahead Group plc (LON: GOG)

The shares of the leading British public transport business, The Go-Ahead Group plc, were down by 0.13%, trading at GBX 1,538.00, at 11:39 AM (GMT+1) on Friday. The group presently holds a market capitalization of £664.93m. The Go-Ahead Group has given significant returns to its investors on both one-year and YTD basis as of 19 August, which stand at 53.61% and 130.76%, respectively. However, its EPS also lies in the negative territory, at -1.67. The company’s turnover (on book) currently stands at £133,328.32. 

Redde Northgate plc (LON: REDD)

The shares of the biggest commercial vehicle rental provider across the UK, Redde Northgate plc, were trading at GBX 380.00 at 11:46 AM (GMT+1) on Friday. The company, which falls under the FTSE 250 index, presently holds a market capitalization of £905.31m. Redde Northgate’s performance has deteriorated lately and its returns on both one-year and YTD basis stand in the negative zone as of 19 August, at -14.70% and -13.23%, respectively. However, its EPS also lies in the positive territory, at 0.41. The company’s turnover (on book) currently stands at £454,357.05.


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