Why Mobico shares keep on falling
Shares in Mobico were down over 8% to 54p in morning trading despite the bus and rail business reporting a 12.2% rise in group full year revenue to £3.15 billion, driven by improved passenger volumes, route recovery and pricing.
The transport group however made a group pre-tax loss of £98.3 million and a group operating loss of £21.4 million for the year ending 31 December 2023, impacted b...