Trading in Go-Ahead Group PLC (LSE:GOG) shares has been suspended after the company failed to publish its full-year results on time.
The company warned last month that it was unlikely to get its accounts published by today’s deadline. It expects to have the accounts sorted by the end of this month.
The delay was caused by Go-Ahead and its partner Keolis being accused of a serious breach of its "good faith" obligation by the Department of Transport (DfT).
READ: Suspension on the line for Go-Ahead Group
LSER, the Go-Ahead/Keolis consortium running the franchise, did not declare £25mln of taxpayer money amounting to a significant breach of the agreement and undermining trust, said the DfT.
Further investigations are underway into all historic contracts with LSER, according to the DfT.