“Never mind SocGen — follow the vampire squid.” That was the cryptic view of one seasoned trader talking about the strong gains made in mining stocks... more
National Express said it was back on track to being a "sound" business, as the train, coach and bus operator prepares to hand over the driving seat to the man who used to help run the Tube... more
National Express completed its £360 million rights issue after its biggest shareholder, Spain's Cosmen family, finally agreed to support the deal... more
An armada of dissident National Express shareholders was notable by its absence as the rights issue rebellion orchestrated by the train and coach group’s Spanish deputy chairman and major shareholder failed to materialise... more
National Express has received a second massive body blow, with the loss of its lucrative train franchise out of Liverpool Street to Essex and East Anglia... more
Government promises improved services on a key London to Scotland rail route which it will take back into public ownership from midnight tonight... more
National Express is set to be hit by a second massive body blow, the loss of its lucrative train franchise out of Liverpool Street to Essex and East Anglia... more
Civil war breaks out at National Express with its major-shareholding deputy chairman saying the stricken train and coach group’s management do not know what they are doing ... more
Shares in National Express rose for a third session in a row today after its largest shareholder backed a proposed merger with arch-rival Stagecoach ... more
The future of stricken National Express was in doubt as a £1.7 billion rescue takeover offer fell apart and speculation mounted that the biggest brand in British transport is set to be broken up... more
Stricken train and coach company National Express was plunged deeper into crisis today as the 500p-a-share, £1.7 billion rescue takeover offer for the company evaporated ... more
National Express today formally rejected a £1.7 billion takeover from its largest shareholder, the Cosmen Spanish bus family, in league with the private-equity firm CVC ... more
The battle for National Express got into gear today as its biggest shareholder said it has made a private-equity backed offer of 450p for the struggling trains and coach group ... more
The Spanish-led consortium bidding for transport group National Express has appealed to Transport Secretary Lord Adonis not to remove the company’s remaining two railway franchises ... more
National Express veered further off track as it crashed into the red with a £36.6 million half-year loss, and dumped its interim dividend to cut debt ... more
The battle for National Express heated up today as arch-rival Stagecoach revealed that it is in exclusive talks to buy parts of the business from the consortium which has made an indicative takeover bid for the ailing bus and trains firm
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National Express it will go to war with the Government after the Department for Transport sacked it from the East Coast Main Line out of King's Cross and threatened to strip it of its Liverpool Street and Fenchurch Street franschises.... more
The long-expected collapse of the National Express East Coast franchise shows the fragility of the privatised railway system in the face of an economic downturn - and raises serious doubt about whether the system can ever function truly in the private sector.... more
National Express could fall to a hostile bidder or a defensive merger with a rival after the opening shot in what could be a series of takeover battles in the train and bus industry... more
Embattled National Express, which is struggling with the downturn on its inter-city services, said it has won a six-month breather from its banks on its £1.2 billion debt mountain... more
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