Stocks to watch as travel chaos continues after Queen's funeral

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Stocks to watch as travel chaos continues after Queen's funeral

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 Stocks to watch as travel chaos continues after Queen's funeral
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Highlights

  • Travel disruptions have prevented several mourners from reaching the capital in time to pay their respects to the late monarch.
  • Commuters faced a blow throughout Monday, struggling with cancellations and timetable modifications.
  • Drivers from 12 train operators are anticipated to walk out for 24 hours amid the dispute overpay hikes in the first week of October.

Travellers were struck by chaos after the transportation turmoil left them stranded on the day of the Queen's funeral. The contagion effect was witnessed across the Southern regions of England.

Because of the damage caused to the overhead electric wires close to Hayes and Harlington station, trains could not arrive or depart from the Paddington station in London on Monday from 6.30 AM.

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Due to these travel disruptions on the railway network, several mourners could not reach the capital in time to pay their respects to the late monarch and had to turn back and head home. The chaos doesn't seem to end as National Rail said that this disruption was likely to go on until midday on Tuesday.

Commuters faced a blow throughout Monday, struggling with cancellations and timetable modifications amid disrupted services managed by Heathrow Express, GWR, and the Elizabeth line.  

In addition to the ongoing chaos, drivers from 12 train operators are anticipated to walk out for 24 hours amid the dispute overpay hikes in the first week of October. The protest, which was supposed to be staged on 15 September, was delayed due to the Queen's demise.  

Amid the ongoing travel disruptions, UK investors can evaluate the performance of these road and rail stocks. 

FirstGroup plc (LON: FGP)

The market cap of the FTSE 250-listed internationally operating transport group, FirstGroup plc, stands at £937.72m as of 20 September. On a one-year basis, the group's return stands at 43.36%, while its return on YTD (year-to-date) stands at 21.23% as of Tuesday. With an EPS (earning per share) of 0.60, the company has a turnover (on the book) of £225,781.70. FGP shares tumbled by 0.88% on Tuesday while trading at GBX 123.90 at 9:36 AM (GMT+1). 

The Go-Ahead Group plc (LON: GOG)

The market cap of the leading UK-based public transport firm, The Go-Ahead Group plc, stands at £656.30m as of 20 September. On a one-year basis, the group's return stands at 78.16%, while its return on a YTD basis stands at a whopping 131.18% as of Tuesday. With an EPS of -1.07, the company has a turnover (on the book) of £4,193,303.52. GOG shares surged by 1.58% on Tuesday while trading at GBX 1,544.00 at 9:37 AM (GMT+1). 

Redde Northgate plc (LON: REDD)

The market cap of the FTSE 250-listed commercial vehicle rental supplier across the UK, Redde Northgate plc, stands at £753.92m as of 20 September. On a one-year basis, the firm's return stands at -26.86%, while its return on YTD basis stands at -27.95% as of Tuesday. With an EPS of 0.41, the company has a turnover (on the book) of £102,402.69. REDD shares plunged by 1.57% on Tuesday while trading at GBX 314.50 at 9:38 AM (GMT+1).

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