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 [...]
Rail strikes boost National Express revenues as coach operator bolsters electric fleet April 19, 2023 National Express has seen UK coach revenue rise by 87 per cent on the previous year, as rail strikes see passengers opt for alternative transport. Passenger growth at National Express also rose despite the six-day bus driver strike and a higher-than-expected pay settlement of 16.2% per cent in February. Reflecting strong financial performance, National Express [...]
National Express share price soars as rail strikes help boost annual profits March 2, 2023 The recent wave of train strikes helped National Express more than triple annual profits as passengers switched to buses and coaches to avoid rail disruption. Shares in National Express soared 13 per cent on Thursday as the group reported underlying pre-tax profits of £145.9m, up from £39.7m in 2021, with annual revenues surpassing pre-pandemic levels [...]
National Express wins £880m contract to run German rail lines January 23, 2023 National Express has been awarded a €1bn (£878m) to operate two regional train lines in the German state of North Rhine-Westphalia. The transport group’s German rail business has won €1bn contract to run the RE1 and RE11 Rhein-Ruhr-Express (RRX) lines until 2033. The Rhein-Ruhr-Express is a regional rail network in north west Germany, in the [...]
Gov stumps up £60m to cap bus fares at £2 with 130 operators signing up December 19, 2022 A new £60m government fare cap scheme will be rolled out next year ensuring bus tickets stay at £2. The initiative has the backing of 130 bus operators across the country including National Express and Stagecoach, who have agreed to charge no more than £2 for singles. The ‘Get Around’ scheme is designed to help [...]
National Express appoints interim as new CFO December 5, 2022 National Express Group has appointed its interim chief financial officer into the top finance role officially today. Former KPMG partner James Stamp will step into the role with immediate effect, having served as interim group CFO and been a member of the board since the beginning of November. The incoming CFO joined the company in [...]