Edition:
United States

National Express Group PLC (NEX.L)

NEX.L on London Stock Exchange

406.00GBp
11:35am EDT
Change (% chg)

2.20 (+0.54%)
Prev Close
403.80
Open
402.60
Day's High
409.00
Day's Low
395.40
Volume
723,637
Avg. Vol
686,802
52-wk High
414.11
52-wk Low
336.27

Latest Key Developments (Source: Significant Developments)

National Express says on course for full-year profit forecasts
Monday, 4 Dec 2017 02:00am EST 

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 02:00am EDT 

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

National Express says H1 pretax profit rose by 25.7 pct to 88.9 mln pounds
Thursday, 27 Jul 2017 02:00am EDT 

July 27 (Reuters) - NATIONAL EXPRESS GROUP PLC ::INTERIM DIVIDEND UP 10 PERCENT TO 4.26 PENCEPER SHARE.SAYS "ON TRACK TO DELIVER ITS PROFIT, CASH FLOW AND LEVERAGE TARGETS FOR YEAR".H1 GROUP REVENUE 1,170.5 MILLION STG FROM 1,007.2 MILLION STG YEAR AGO.H1 GROUP OPERATING PROFIT UP 8.3% ON CONSTANT CURRENCY BASIS TO £111.6 MILLION (UP 19.1% ON REPORTED BASIS).H1 PROFIT BEFORE TAX ROSE BY 25.7% TO £88.9M, UP 11.0% ON A CONSTANT CURRENCY BASIS.  Full Article

National Express says on track to meet FY profit view
Wednesday, 10 May 2017 02:00am EDT 

May 10 (Reuters) - National Express Group Plc :Trading update for period 1 January 2017 to 30 April 2017.Has maintained its strong momentum from 2016.Overall revenue increase from continuing operations of 5.4% on a constant currency basis, up 15.8% on a reported basis.Remains on target to deliver its profit expectation and free cash flow and leverage targets for year.Profit before tax is up year-on-year on a constant currency basis, driven by both organic growth and benefit of recent acquisitions.Remain on track to meet full year profit and cash flow expectations​.  Full Article

National Express Group raises free cash flow guidance and proposes dividend increase
Thursday, 23 Feb 2017 02:00am EST 

National Express Group Plc : Final dividend up 10 percent to 8.41 pence per share . Full year results for year ended 31 December 2016 . Group revenue up 20.0 percent to 2.1 bln stg . Strong growth in North America, with revenue and operating profits up 14.3% and 11.9% on a constant currency basis . We are raising our annual free cash flow guidance to £120 million . We propose a 10% increase in final dividend. . Group normalised operating profit up 14.2 percent, up 4.8 percent on a constant currency basis . Normalised EPS up 16.7 percent to 27.3p in FY 2016 .Free cash flow rose to 138.6m stg in FY 2016.  Full Article

National Express completes sale of c2c rail franchise
Monday, 13 Feb 2017 02:14am EST 

National Express Group Plc : Completion of acquisition of c2c franchise by Trenitalia . Completion of acquisition was triggered after department for transport granted final consent to proceed .Total consideration for franchise was 72.6 mln stg, resulting in a small net profit for National Express.  Full Article

National Express names new FD as Matthew Ashley heads up N.American unit
Friday, 20 Jan 2017 02:00am EST 

National Express Group Plc : Appoints chris davies as group finance director .Appointments of matthew ashley as chief executive officer of our north america division.  Full Article

National Express says seeking feedback on East Anglia bid from Dept of Transport
Wednesday, 10 Aug 2016 05:43am EDT 

National Express Group Plc : Statement re East Anglia franchise . We note announcement from Department for Transport regarding East Anglia franchise . We are naturally disappointed because we delivered a disciplined bid .We are seeking feedback on our bid from Department for Transport.  Full Article

National Express on track to deliver annual profit target
Thursday, 28 Jul 2016 03:05am EDT 

National Express Group Plc : Interim dividend up 5 percent to 3.87 penceper share .Group remains on track to deliver its profit, cash flow and gearing targets for year.  Full Article

BRIEF-National Express Sees Small Tax Credit In 2017 from U.S. Tax Reform

* ANTICIPATED REDUCTION IN GROUP'S EFFECTIVE TAX RATE (ETR) FROM 1ST JANUARY 2018 DUE TO IMPACT OF US TAX CUTS AND JOBS ACT​