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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.


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.

National Express in Spanish deal
11 Oct 05 |  Business
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06 Oct 05 |  Business

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