National Express owner Mobico issues profit warning, delays results again

(Sharecast News) - National Express owner Mobico on Monday issued a profit warning and further delay in its annual results after an unexpected rebasing of German indices it uses to calculate energy costs. Adjusted earnings before interest and tax was now expected to be at the upper end of a £160m - £175m range, compared with previous guidance of £175m - £185m.

Reporting by Frank Prenesti for Sharecast.com