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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/goahead-lifts-profits-forecast.jpg"><img class="alignnone size-full" title="Go-Ahead, which jointly runs London Midland, has lifted its profits forecast as the rising cost of petrol encourages more people on to trains and buses" src="http://londonglossy.com/wp-content/uploads/2011/02/min-goahead-lifts-profits-forecast.jpg" alt="Go-Ahead, which jointly runs London Midland, has lifted its profits forecast as the rising cost of petrol encourages more people on to trains and buses"/></a></p>
<p>Transport group Go-Ahead has lifted its profits forecast as the rising cost of petrol encourages record numbers of people on to its buses and trains.</p>
<p>The group carried more than one billion passengers in the past year, helping boost operating profits by 9% to £59 million in the final half of 2010.</p>
<p>Profits from its bus networks across the UK, including Metrobus in Sussex, Plymouth Citybus and Oxford Bus Company, hit a record £36.9 million as more people left their cars at home.</p>
<p>Its joint-venture train services, which include Southern, Southeastern and London Midland, saw profits increase by 11% to £22.1 million driven by a 4.4% increase in passenger numbers and cost savings.</p>
<p>Rail providers across the UK raised prices by an average of 6.2% in January, and some fares at Southeastern went up by as much as 12.8%, but Go-Ahead claimed it would not benefit from the rises which would be effectively passed on to the Government in reduced subsidies.</p>
<p>Shares were up 7% after the group upgraded its full-year profits forecast to about £101 million.</p>
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