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    NEX   GB0006215205

NATIONAL EXPRESS GROUP PLC

(NEX)
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Delayed London Stock Exchange  -  11:35 2022-08-15 am EDT
192.10 GBX   +0.58%
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08/10National Express Group plc Announces CFO Changes
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Britain's FTSE rises on resource-linked boost; Ocado drops

06/21/2022 | 04:45am EDT

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window)

* FTSE 100 up 0.4%, FTSE 250 slides 0.3%

* Transport stocks slip on rail strike

* DS Smith, Telecom Plus rise on strong FY profit

June 21 (Reuters) - London's FTSE 100 index climbed on Tuesday as mining and energy stocks tracked gains in commodities, while Ocado fell after the online supermarket announced plans to raise more than 550 million pounds through a share placement.

The blue-chip index firmed 0.4%, led by gains in energy stocks and base-metal miners amid tight supplies even as recession concerns linger on.

It is a "relief rally", said David Madden, market analyst at Equiti Capital.

Investors also await UK consumer price data for May due on Wednesday, after inflation in April surged to a 40-year high.

Consumer prices will take time to cool down, as there are a lot of reasons inflation is high, including costs of transportation, said Madden.

Central banks around the world have been raising interest rates aggressively to tame soaring inflation, with the Bank of England hiking it to 1.25% on June 16.

Meanwhile, Britain's biggest rail strike in 30 years kicked off on Tuesday, as tens of thousands of staff walked out in a dispute over pay and jobs that could pave the way for widespread industrial action across the economy in the coming months.

Transport operators including Firstgroup, Go-Ahead Group and National Express fell between 0.7% and 2.6%.

The domestically focussed mid-cap FTSE 250 index slipped 0.3%.

Also capping gains in UK stocks was Ocado, down 2.5%, after the grocer announced plans to boost its liquidity and raise 575 million pounds ($704.2 million).

Telecom Plus rose 3.2% after the company posted a strong annual profit, while cardboard maker DS Smith also gained 3.7% on strong annual numbers.

(Reporting by Anisha Sircar and Amal S in Bengaluru and Boleslaw Lasocki in Gdansk; Editing by Rashmi Aich, Sherry Jacob-Phillips and Vinay Dwivedi)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
DS SMITH PLC -0.88% 292.2 Delayed Quote.-23.87%
FIRSTGROUP PLC 0.39% 128.9 Delayed Quote.26.13%
FTSE 100 0.11% 7509.15 Delayed Quote.1.58%
FTSE MID 250 INDEX 0.22% 20382.76 Delayed Quote.-13.38%
NATIONAL EXPRESS GROUP PLC 0.58% 192.1 Delayed Quote.-25.31%
OCADO GROUP PLC 1.77% 944.8 Delayed Quote.-43.69%
TELECOM PLUS PLC 0.47% 2125 Delayed Quote.33.98%
THE GO-AHEAD GROUP PLC 0.26% 1536 Delayed Quote.130.28%
All news about NATIONAL EXPRESS GROUP PLC
08/10National Express Group CFO to Move to Diploma
MT
08/10National Express Group plc Announces CFO Changes
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08/02BOE Is Seen Voting 7-2 For 50 Basis-Point Rate Rise
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08/02RBC Resumes National Express Coverage With Outperform Rating
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07/28NATIONAL EXPRESS : Download slides (PDF | 3MB)
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07/28NATIONAL EXPRESS : Download release (PDF | 1MB)
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07/28UK's National Express half-year operating profit jumps as summer travel picks up
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Financials
Sales 2022 2 768 M 3 343 M 3 343 M
Net income 2022 44,4 M 53,6 M 53,6 M
Net Debt 2022 1 220 M 1 473 M 1 473 M
P/E ratio 2022 30,2x
Yield 2022 3,40%
Capitalization 1 177 M 1 421 M 1 421 M
EV / Sales 2022 0,87x
EV / Sales 2023 0,77x
Nbr of Employees 44 500
Free-Float 76,5%
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Mean consensus BUY
Number of Analysts 10
Last Close Price 192,10 GBX
Average target price 288,50 GBX
Spread / Average Target 50,2%
EPS Revisions
Managers and Directors
Jose Ignacio Garat Group Chief Executive Officer & Director
Chris Davies Director
John A. Armitt Independent Non-Executive Chairman
Debbie O'Shea Director-Information Technology
Kevin Gale Group Operations Director
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