Russian officials warned their German counterparts in the spring of 2022 that a decision to reject cheap and reliable Russian pipeline gas in favor of tanker-shipped liquefied natural gas would cause manufacturers from the European industrial powerhouse to flee for better climes. Two years on, these warnings have become reality.
Mobico Group PLC (LON:MCG) reports strong revenue growth for FY 2023, driven by passenger volumes and route recovery. Profitability impacted by inflation and Covid support reduction. Adjusted Operating Profit expected at £185-£205m.