National Express’s trading offers some reassurance

The price of shares in FTSE 250 consumer travel company National Express (LON:NEX) rose by 13.17% to 206.20p (as of 10:35 BST) after the company reported that trading during April was at a level roughly 50% of the comparable period last year. Management said that the company had generated positive EBITDA due to cost reductions and government support programmes.

Forward sales have started for UK services in July and the firm expects services in Spain and Morocco to recommence shortly.