Mobico soars after savings for transport giant arrive early
Evening Standard|August 21, 2024
SHARES in Mobico rocketed by as much as 17% today after the train, coach and bus operator successfully pared back its losses and laid out new debt reduction plans.
Simon Hunt
Mobico soars after savings for transport giant arrive early

The company formerly known as National Express Group posted a pretax loss of just over £1 million for the first six months of the year, well down on the £42 million loss recorded in the previous year.

It reconfirmed full-year forecasts of adjusted operating profit between £185 million and £205 million.

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