Optare shares rocket on electric bus contract win
Shares in bus operating company Optare rose sharply on Friday after the AIM-listed company reported that it had received an order from Nottingham City Council to purchase 20 electric buses, for a total value of more than four million pounds.
Shares in bus operating company Optare rose sharply on Friday after the AIM-listed company reported that it had received an order from Nottingham City Council to purchase 20 electric buses, for a total value of more than four million pounds.
The group said that the contract represented one of the largest orders for electric buses placed in the UK and allowed Nottingham City Council to take the lead in the introduction of the advanced technology.
Optare's shares were up 23.88% to 0.42p at 08:20 on Friday.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
MF
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published