OXON: Rail and bus firm Go-Ahead, the parent company of the Oxford Bus Company and Thames Travel, said full-year profits would be above expectations after record passenger numbers.

Its profits are on course to hit £95.7m in the year to June 30, compared to £97.6m a year earlier, according to Investec analyst John Lawson.

Its bus services, including those in Oxford, have seen passenger numbers rise three per cent in the second quarter.