National Express profit tumbles, chairman to retire

Public transport operator National Express saw group revenue slide 17 per cent in the half year ended 30 June while pre-tax profit fell £13.5m following the end of the East Anglia rail franchise.

Public transport operator National Express saw group revenue slide 17 per cent in the half year ended 30 June while pre-tax profit fell £13.5m following the end of the East Anglia rail franchise.

The Birmingham headquartered firm also announced that chairman John Devaney will retire in early 2013 to focus on his other business commitments. The search for a replacement is underway, the group said.

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