Go-Ahead, Fyffes and Eckoh

“Equities opened on the front foot after an overall positive session on Wall Street and ahead of the much-anticipated US non-farm payrolls data this afternoon,” says AJ Bell Investment Director Russ Mould.

“Rail and transport group Go-Ahead chief executive David Brown is sharing the pain of disgruntled commuters by turning down his bonus and a pay rise after disruptions to Southern rail services. The group’s full-year financial performance was ahead of forecasts but it has not provided the levels of reliability and service its passengers expect. Go-Ahead’s shares were up by more than 5.8% in early trading.

“Fyffes is maintaining its strong full year targets despite difficult market conditions and adverse currency movements due to the weakness of sterling and the euro against the US dollar. Fyffes increased its earnings targets in April following the acquisition of Canadian mushroom business Highline Produce.

“Secure payments specialist Eckoh’s shares plunged after it issued a profits warning. This is due to its move to a software-as-a-service pricing model and cost over-runs at Product Support Solutions, the US business which it acquired in November last year. Eckoh’s shares were down by more than 25% in early trading.”

These articles are for information purposes only and are not a personal recommendation or advice.