UPDATE 2-National Express scraps dividend to reduce debt

Newswire

* Will consider equity fundraising, disposals * Evaluating CVC approach, no Stagecoach contact * Net debt cut by 200 mln stg in H1 * H1 underlying pretax profit down 42 percent * To resume dividend when debt at 'appropriate' level (Adds finance director's comments, share price) By Matt Scuffham LONDON, July 30 (Reuters) - National Express , the troubled British bus and train operator facing a bid approach from its biggest shareholder, said on Thursday it had scrapped its ...

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