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National Express Group PLC (NEX.L)

NEX.L on London Stock Exchange

390.40GBp
5:35pm IST
Change (% chg)

-1.40 (-0.36%)
Prev Close
391.80
Open
385.60
Day's High
391.20
Day's Low
385.60
Volume
144,046
Avg. Vol
525,096
52-wk High
438.00
52-wk Low
356.00

Latest Key Developments (Source: Significant Developments)

National Express Buys 60 Pct Stake In WeDriveU For 84.3 Mln Stg
Friday, 12 Apr 2019 

April 12 (Reuters) - National Express Group PLC ::NATIONAL EXPRESS ACQUIRES 60% STAKE IN WEDRIVEU.PROPOSED DEAL FOR CASH CONSIDERATION OF $84.3 MILLION FOR AN INITIAL 60% EQUITY STAKE.EARNINGS ACCRETIVE FROM COMPLETION OF TRANSACTION.ACQUISITION OF 60% STAKE IN WEDRIVEU, AN EMPLOYEE SHUTTLE COMPANY.OPTION TO ACQUIRE REMAINING SHARES OF WEDRIVEU IN TRANCHES OVER NEXT THREE YEARS.NATIONAL EXPRESS AND WEDRIVEU MANAGEMENT TEAM RETAIN CALL AND PUT OPTIONS, RESPECTIVELY.WITH ACQUISITION CO WILL FORM A NEW SHUTTLE DIVISION WITHIN ITS NORTH AMERICAN BUSINESS, LED BY WEDRIVEU MANAGEMENT TEAM.  Full Article

National Express' H1 Profit Rises, Ups FY Free Cash Forecast
Thursday, 26 Jul 2018 

July 26 (Reuters) - National Express Group PLC ::INTERIM DIVIDEND UP 10.1 PERCENT TO 4.69 PENCEPER SHARE.H1 ADJUSTED PRETAX PROFIT ROSE 13.3 PERCENT TO 100.7 MILLION STG.STATUTORY HALF YEAR PROFIT BEFORE TAX OF £80.1 MILLION, UP 24%.GROWTH IN HY FREE CASH OF OVER 3% TO £85.2 MILLION; FULL YEAR GUIDANCE RAISED TO £170 MILLION.REMAIN ON COURSE TO DELIVER BOARD'S EXPECTATIONS.  Full Article

National Express says on track to meet FY profit targets
Wednesday, 16 May 2018 

May 16 (Reuters) - National Express Group PLC ::POSITIVE PERFORMANCE ACROSS ALL DIVISIONS.GROUP HAS MAINTAINED STRONG MOMENTUM FROM END OF 2017, WITH POSITIVE RESULTS ACROSS ALL DIVISIONS..GROUP REVENUE FROM CONTINUING OPERATIONS HAS INCREASED BY 6.2% ON A CONSTANT CURRENCY BASIS, UP 1.7% ON A REPORTED BASIS..DOUBLE DIGIT GROWTH IN GROUP PROFIT BEFORE TAX YEAR-ON-YEAR, ON BOTH CONSTANT CURRENCY AND REPORTED BASES, WITH IMPROVED PROFIT MARGIN..GROUP REMAINS ON TARGET TO DELIVER ITS REVENUE, PROFIT, FREE CASH FLOW AND LEVERAGE TARGETS FOR YEAR..  Full Article

National Express says on course for full-year profit forecasts
Monday, 4 Dec 2017 

Dec 4 (Reuters) - National Express Group Plc ::NATIONAL EXPRESS - CONTINUED POSITIVE TRADING AND NEW ACQUISITIONS.‍CONTINUED POSITIVE TRADING AND NEW ACQUISITIONS SUSTAIN YEAR END MOMENTUM​.‍CONTINUED TO SEE A GOOD TRADING PERFORMANCE ACROSS ALL OF OUR DIVISIONS DURING OCTOBER AND NOVEMBER​.‍IN LINE WITH TRENDS SET OUT IN OUR MOST RECENT TRADING UPDATE​.‍ENCOURAGED BY STRONG EARLY CHRISTMAS TRADING IN BOTH OUR UK AND SPANISH COACH BUSINESSES, WITH ADVANCED SALES HIGHER THAN LAST YEAR​.‍WE REMAIN ON COURSE TO DELIVER OUR PROFIT, FREE CASH FLOW AND LEVERAGE TARGETS FOR FULL YEAR​.  Full Article

National Express Group ‍Q3 pretax profit up 12.3 pct ​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - National Express Group Plc :‍REPORTS TRADING UPDATE FOR PERIOD FROM 1 JULY 2017 TO 30 SEPTEMBER 2017​.‍GROUP REVENUE UP 6.4 PCT FOR PERIOD FROM 1 JULY 2017 TO 30 SEPTEMBER 2017​.‍GROUP NORMALISED PROFIT BEFORE TAX WAS UP 12.3 PCT FOR PERIOD FROM 1 JULY 2017 TO 30 SEPTEMBER 2017​.  Full Article

RPT-UPDATE 1-Carlyle, DWS lining up bids for $3.9 bln Arriva sale -sources

LONDON/FRANKFURT/NEW YORK, June 5 U.S. buyout fund Carlyle and German asset manager DWS are gearing up to bid for British rail and bus firm Arriva after holding preliminary talks with its German owner Deutsche Bahn, sources familiar with the matter told Reuters.