Arriva, National Express and FirstGroup shares all rise on FTSE 250 after possible takeover bid

The bus and rail group, which posted full year profits of 121.7 million, is considering the approach but warned that there was no offer on the table.

The company, which posted results earlier, said that it was seeing signs of revenue growth in its CrossCountry trains but suffered from impairment charges and lower-than-expected profits down seven per cent on last year.

At that time the share price was trading around 560.

The share price traded up on the announcement of a takeover reaching 668 pence by 10:31 am, today pulling up rivals FirstGroup and National Express too.