[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Monday, 3 July 2006, 12:31 GMT 13:31 UK
Coach firm 'beats fuel increases'
The company runs inter-city coach services in the UK
National Express is also looking to tackle fuel rises during 2007
UK-based rail and coach group National Express has issued a confident trading forecast, and said it is hedged against rising fuel prices in 2006.

National Express said its Spanish arm Alsa, acquired for 262m ($462m) last year, is trading well.

This has opened up the prospect of further overseas deals, it said.

National Express has just launched a joint bid for the UK South Western regional rail franchise with Hong Kong rail operator MTR Corporation.

'Well-positioned'

National Express said it had factored in rising fuel prices for this year and would remain focused on ways to mitigate the impact of increased fuel costs in 2007.

The company said its UK bus division was performing solidly and described its US operation as "well-positioned" in bidding for contracts at the start of the US school year.

Keith Bowman, an analyst at stockbrokers Hargreaves Lansdown, said the trading update was "reassuring" and would calm investor's nerves.

Last year's July bombings in London hit travel into city, and had a negative impact on a number of UK rail franchises that National Express has stakes in.




SEE ALSO
National Express in Spanish deal
11 Oct 05 |  Business
National Express in merger talks
06 Oct 05 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific