UK's Mobico rises on CFO appointment

Mobico

24/06/2025 09:56

** Shares of British transport company Mobico Group MCG.L up 3.5% at 27.2 pence

** Co appoints Brian Egan as CFO; a "positive move" according to Panmure Liberum

** Egan replaces Helen Cowing, who served as interim CFO for the last twelve months

** Co also expects to close the sale of its School Bus business in July, pending final U.S. Surface Transportation Board (STB) approval expected early July

** "We do not anticipate a problem given the STB has already given tentative approval and authorisation," analysts at Panmure Liberum say

** Co anticipates FY25 adjusted operating profit between 180 million pounds and 195 million pounds, excluding any contribution from its School Bus business

** Including session moves, MCG down ~66%

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))