NEX.L Share News (NEX)

National Express Q1 revenues back at 2019 levels

(Sharecast News) - Coach operator National Express said on Tuesday that first-quarter group revenues were back to 2019 levels, with the group actually trading ahead of the same time two years earlier during March.

Berenberg lowers target price on National Express

(Sharecast News) - Analysts at Berenberg lowered their target price on coach operator National Express from 340.0p to 300.0p on Monday after adjusting numbers on the stock now that the dust has settled on the potential acquisition of Stagecoach and the subsequent counterbid from DWS.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: DWS fund has 28% acceptances for Stagecoach takeover offer

Stagecoach Group PLC - Perth, Scotland-based transport provider - Pan-European Infrastructure III SCSp, an infrastructure fund managed by DWS Infrastructure, says it has acceptances for its takeover offer representing 27.5% of Stagecoach shares. Of these, shares it has purchased represent a 17% stake, while offer acceptances from other shareholders represent a 10.5% stake. Last month, the Stagecoach board accepted DWS's GBP594.9 million cash offer, switching its support from an all-share merger with UK peer National Express Group PLC. The DWS offer of 105 pence per Stagecoach share remains open until May 21. It has a 75% acceptance condition, though this could be lowered.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: Bank of America says buy Experian and Intertek

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

SMALL-CAP WINNERS & LOSERS: Go-Ahead up as fine less harsh than feared

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

National Express believes Stagecoach merger superior to DWS cash offer

(Alliance News) - National Express Group PLC on Thursday said it believes its all-share combination with Stagecoach Group PLC remains the better choice after being spurned for a cash offer from DWS Infrastructure.

LONDON MARKET OPEN: Stocks rise after Fed rate hike; Ocado, M&S drop

(Alliance News) - Stock prices in London opened higher on Thursday after the US Federal Reserve raised interest rates for the first time since 2018, while Ocado sank after its online grocery joint venture with Marks & Spencer warned on inflationary pressures.

LONDON MARKET PRE-OPEN: Cineworld loss narrows as audiences return

(Alliance News) - Stock prices in London are seen opening higher on Thursday, tracking a rally in US and Asian equity markets, after the Federal Reserve, as expected, raised interest rates from historic lows.

National Express says Stagecoach offer creates 'superior value creation opportunity'

(Sharecast News) - Coach operator National Express said on Thursday that its proposed £1.9bn all-share combination with Stagecoach represented "a superior value creation opportunity" when compared to an offer from German infrastructure fund DWS.

LONDON BROKER RATINGS: Bernstein raises Unilever and cuts Reckitt

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Liberum slashes National Express price target

(Sharecast News) - Liberum slashed its price target on National Express on Monday to remove upside from the Stagecoach deal, which has fallen through.

FTSE 100 weighed down by banks and oil firms; Rio Tinto slumps

March 10 (Reuters) - London's FTSE 100 fell on Thursday with heavyweight financial and oil shares leading declines, along with miner Rio Tinto after it severed all ties with Russian businesses and also traded ex-dividend.

National Express happy to ride solo but Stagecoach remains on radar

March 10 (Reuters) - National Express does not necessarily need to buy rival Stagecoach to boost revenue and profit, although it is still considering its options after it was outbid by a new suitor this week, the transport company said on Thursday.