Overview

• Mobico's shares rose by 14% following the sale announcement of its North American school bus division.
• The company reported a near 24% increase in half-year operating profit, reaching £71.2m.
• Higher bus fares and increased passenger numbers contributed to a revenue boost in the UK.
• Mobico aims to address its £1.2bn debt with new initiatives in the second half of 2024.
• The North American bus business, despite challenges, made a £21.4m adjusted operating profit in the first half of the year.