Mobico: National Express owner begins to turn a corner Transport and infrastructure National Express owner Mobico has said it is on track to hit operating profit targets for the full year, following a torrid period that saw its chief finance officer exit and shares plummet. The bus and coach firm said it expected to report an operating profit of between £175m and £205m, on an adjusted basis. [...]
Mobico shares jump as National Express owner reports surge in profit Transport and infrastructure The FTSE 250 transport operator, formerly National Express, confirmed the sale of its struggling North American unit is underway.
Cosmen family pounces on ‘depressed’ share price of National Express owners Transport The Cosmen family has upped its stake in the owner of National Express to 21.1 per cent. from 20.2 per cent.
Mobico: Short sellers circle struggling National Express owner June 3, 2024 Short sellers including the hedge fund owned by GB News baron Paul Marshall are circling the struggling FTSE 250 transport firm Mobico Group.
National Express owner Mobico set for FTSE 250 relegation after audit issues May 29, 2024 National Express owner Mobico Group could drop off the FTSE 250 after it was forced to delay publication of its full-year results twice amid audit issues.
Trainline and Firstgroup shares tumble as Labour pledges rail nationalisation April 25, 2024 Trainline and Firstgroup shares fell this morning after Labour announced plans to renationalise Britain's railway network in the next five years.
Mobico: National Express owner’s CFO to depart after ‘regrettable’ accounting issues April 22, 2024 Mobico Group's CFO will depart after accounting issues caused the firm to delay publication of its full-year results twice.
Mobico: National Express owner shares spiral after profit warning amid audit issues March 25, 2024 National Express owner Mobico's shares tumbled over eight per cent this morning after it issued a profit warning.
FTSE 100 close: ASOS shares nosedive 22 per cent after posting dim results May 10, 2023 London’s FTSE 100 slipped in the City today as online fashion retailer ASOS was pummelled after a dim set of results. The capital’s premier index shed 0.29 per cent to close at 7,741.32 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, lost 0.15 per [...]
National Express ditches name as coach firm goes ‘Mobico’ May 10, 2023 National Express is to change its parent company name to Mobico Group PLC, from June 2023. The coach operator said it believes the name ‘Mobico’ “better reflects” the “international nature” of the group, as it continues a shift to mass transit. Ignacio Garat, group chief executive at National Express said: “Whilst National Express is a [...]