Can National Express owner Mobico turn its fortunes around?
Transport operator Mobico’s share price has reached all-time lows this year. Can it turn its fortunes around?
Source: cityam.com
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National Express owner Mobico sees shares tank after miserable trading update
Mobico Group said it had suspended its 2023 dividend and is exploring the sale of its North American school bus business.
Source: cityam.com
Mobico shares fall over 25% as group cuts profit outlook
The group, previously known as National Express, will sell its North America school bus business in early 2024 in a bid to boost its bottom line while costs continue to rise.
Source: thisismoney.co.uk
National Express owner Mobico has hit the brakes - so what's going on with its share price?
Mobico shares have spiralled near 30 per cent today landing it at the bottom of the FTSE 250 as analysts question its push into international markets.
Source: cityam.com