National Express set for equity raise to strengthen balance sheet May 6, 2020 National Express has announced the placing of up to 19.99 per cent of the coach operator’s share capital to further strengthen its financial position through the coronavirus crisis. The firm said that in its worst-case scenario, profit could fall up to 40 per cent in 2020. The company said that the move had the “unanimous [...]
National Express hails record year as firm posts £240m profit February 27, 2020 Coach operator National Express today said it had “beaten [its] expectations” as the firm announced a record year for revenue and profit in 2019. The figures Profit before tax rose 9.1 per cent over the year, from £220m in 2018 to £240m last year, as the firm reported growth in every one of its divisions. [...]
National Express wins €1bn Casablanca bus contract October 16, 2019 National Express has secured a €1bn (£869m) contract to run a bus service in Casablanca, nearly doubling its business in Morocco. The bus operator’s Spanish and Moroccan division Alsa has been awarded the 15-year contract, which will start next month with the deployment of 400 buses, increasing to 700 in 2020. Read more: National Express [...]
National Express revs up sales growth as it hits the road for Silicon Valley May 9, 2019 National Express accelerated revenues in the first three months of its new financial year as it prepares to take a 60 per cent stake in Silicon Valley’s shuttle service in an $84.3m (£64.5m) deal. Read more: Facebookers prepare to take the bus as National Express buys shuttle stake The coach company saw group revenues rise [...]
Facebookers prepare to take the bus as National Express buys Californian shuttle stake April 12, 2019 The National Express Group has bought a majority stake in Californian shuttle service, WeDriveU, for $84.3m (£64.5m). The transport operator has purchased a 60 per cent share in the American company, which drives workers around Silicon Valley to their jobs at firms like Facebook, Tesla and Amazon. Read more: Indian airline Jet Airways grounds international flights [...]
National Express increases shareholder dividend by 10 per cent in ‘record’ set of results February 28, 2019 National Express shareholders were today rewarded with a 10 per cent increase in their dividend as the coach and bus firm delivered a "record" set of annual results. Pre-tax profits at the firm stood at £177.7m in 2018, up 13.6 per cent on the previous year. Revenue also increased from £2.32bn to £2.45bn, while operating [...]
‘Outstanding’ summer for National Express UK coach business October 18, 2018 National Express made £5m coach sales a week in August, as an "outstanding" summer saw revenue in the UK increase by 10.1 per cent. UK passenger numbers grew by six per cent and on August bank holiday Monday revenue was up 13 per cent, the coach firm said in a trading update. Read more: Transport operator Go-Ahead [...]
UK national train strike: Unions begin fourth day of crisis talks as 24-hour rail walkout looms May 20, 2015 UPDATE: The RMT has followed the TSSA union in suspending strike action after an improved offer from Network Rail. Union representatives are returning for a fourth day at the bargaining table today after late-night mediation failed to avert a planned 24-hour rail strike. Network Rail and the unions RMT and TSSA are yet to find a compromise [...]
National Express share price accelerates after passenger rise October 30, 2014 Increasing passenger numbers and lower debt have fuelled a 15 per cent rise in third-quarter pre-tax profits at National Express compared with the same period last year, figures revealed yesterday. The transport group saw growth in both passenger numbers and revenue in every division this year, including its Spanish operation, Alsa, marking a turnaround from [...]
Freezing winter chills National Express profits July 30, 2014 EXTREME freezing winter weather in the US, strikes in Spain and the strength of sterling hit first-half profits at UK-based transport giant National Express, despite it winning £5bn worth of contracts so far this year. Operating profit fell to £89.5m in the first half of 2014, down from £97.2m over the same period last year, [...]