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National Express owner Mobico agrees £308m Spanish takeover deal

Autobuses de Leon deal values the transport group at around £2.3bn when its debt is included

Meeting told a parkway station for Leeds Bradford Airport is 'absolutely critical' for the region

Councillors from across West Yorkshire have voted to move ahead with plans for a rail station that would serve the airport

Saturday, 31 October 2026

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  • Avanti West Coast paid out £20m in ‘delay repay’ passenger refunds this summerIntercity train operator’s compensation bill likely to top £70m this financial year amid rise in claims across networkAvanti West Coast paid out more than £20m to passengers in just three months this summer in refunds for disrupted journeys on Britain’s main intercity rail network.The intercity operator paid out almost as much in a four-week period to 25 July – £9.3m – as its annual profits for each of the past two years.
  • The cursed cruise: how the dream of never-ending luxury at sea became a nightmareThe MV Odyssey was billed as the ultimate escape from Donald Trump. Instead, the oil shock caused by his war has left passengers unceremoniously dumped in CambodiaThe idea was a never-ending retirement at sea, a continuous voyage around the globe. The promise to the passengers of the MV Odyssey cruise ship – many approaching the autumn of their lives – was that on the open seas they could cut loose from the troubles of the world. But the world had other ideas.The end came in an announcement as stark as it was brief: they had seven hours to get off.

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  • Autobuses de Léon reaches agreement on Mobico acquisitionThrough its subsidiary Leita Mobility, Spanish group Autobuses de Léon, part-owned by the CMC Group (which itself is owned by Mobico's largest shareholder the Cosmen family) has announced that it has reached agreement on the terms of a recommended cash offer to acquire National Express parent company Mobico, at a price of 46 pence per share. The acquisition values Mobico's shareholding at approximately £308 million and represents a premium of approximately 55.1% to the closing price of 29.7 pence per Mobico Share on 20 October.

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