Critically analyses and evaluate the financial position of National Express Group PLC.The structure of the international economy and political drivers are promoting wider investment in organisations on a global perspective. International trade wars and protectionism are re-emerging and companies are increasingly seeking capital (both equity and debt) from stock markets rather than traditional debt providers. Part 1 (1500 words) Critically analyse and evaluate the financial position of National Express Group PLC. Evaluate how this information might influence the direction of the organisation within the sector it operates in the climate of uncertainty caused by the 2020/21 events of Brexit and coronavirus. What recommendations would you make? Part 2 (500 words) Contention: “Stock markets do not create value”. Discuss this statement in terms of capital gains and losses made by stock market trading. This assignment is in the form of a formal report. It will require evidence of your calculations of financial ratios. You may wish to use references supporting and arguing the points you present. You will need to use a wide range of sources to support your evaluation. You may wish to use comparator organisations within the same or a different sector to assist you with your analysis. Please use academic references to support your justification in part B. Note: All your workings/calculations sheets should be added to Appendix. Final results only should be included in the body of the essay.
