UK's Mobico sees best day in over 2-month on outlook, Q3 rev jump

Mobico

07/11/2024 08:38

** Mobico Group shares  MCG.L  jump 4.6% at 74.34 pence
    ** Stock post biggest intraday percentage gain since Aug 20
    ** Transport company says on-track to deliver FY24 adjusted
operating profit in forecasted range
    ** Also reports 12% increase in Q3 revenue, helped by
continuing growth in passenger demand
    ** Shares down nearly 16% this year, as of last close
 
($1 = 0.7730 pounds)

 (Reporting by Shanima A in Bengaluru)
 ((shanima.a@thomsonreuters.com; (Direct: +91 72 5956 7774);))