- Bus and coach company National Express reported a 7.8% increase in first-half revenue driven by organic revenue growth across all its divisions as it confirmed it remained 'on course' to deliver its year-end target.

At constant currency, the company's first-half revenue climbed to £1.34bn while its statutory operating profit rose 15.3% to £113.1m over the period. Almost 80% of this profit came from organic growth in the period, the company said.

The company increased its interim dividend 10% to 5.16p as it confirmed it was on track to deliver its year-end target of £160m.

'I am pleased to report another record set of results. This performance has been secured through growth across the business, with all divisions contributing and we are currently trading ahead of expectations. We have managed unprecedented weather disruption impact in North America to still achieve strong profit growth,' said group chief executive Dean Finch.

Story provided by