National Express Group

National Express Group plc (LSE: NEX) is a UK-based transport group with headquarters in Birmingham that operates bus, coach, rail and tram services in the UK, the US and Canada, Spain, Portugal and Morocco and long-distance coach routes across Europe. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The National Express brand was created in 1972 by the state-owned National Bus Company (NBC) to bring together ... more

National Express Group plc (LSE: NEX) is a UK-based transport group with headquarters in Birmingham that operates bus, coach, rail and tram services in the UK, the US and Canada, Spain, Portugal and Morocco and long-distance coach routes across Europe. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The National Express brand was created in 1972 by the state-owned National Bus Company (NBC) to bring together the express bus and coach services operated by the bus operating companies within the NBC group. The National Express network was largely a branding and management exercise, with services continuing to be operated by the individual companies. With the privatisation of the NBC in the 1980s, National Express was subject to a management buy-out in 1988. The management team began to diversify, and acquired the bus company Crosville Wales, but its financial performance began to deteriorate from early 1990. A new management team took over the... less