The shares rose 16p to trade at 244p this morning, after closing last night at 228p.
In a trading statement, GWR said that revenues for the quarter ending March 31 2002 will be flat, with a 4.8% decline in year-on-year national revenues but an increase of 2.7% in local revenues, compared with the same period last year.
Despite its upbeat comments about the group's performance over the last few weeks, it says it remains cautious about the outlook for revenues. GWR also said that its reorganisation of UK operations was "progressing well". The company is in the process of disposing of non-core assets, including its 20% stake in London News Radio.
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