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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/national-express-signals-turnaround.jpg"><img class="alignnone size-full" title="National Express said a recovery plan led by new chief executive Dean Finch sparked a jump in annual profits" src="http://londonglossy.com/wp-content/uploads/2011/02/min-national-express-signals-turnaround.jpg" alt="National Express said a recovery plan led by new chief executive Dean Finch sparked a jump in annual profits"/></a></p>
<p>National Express has said it is back on track after a recovery plan led by new chief executive Dean Finch sparked a 38% jump in annual profits.</p>
<p>The bus, coach and rail operator highlighted its improved prospects by restoring the dividend it axed during a disastrous 2009, when it was forced to return its loss-making East Coast rail franchise to the Government.</p>
<p>Since taking the helm last February, Mr Finch has increased the focus on costs, as well as revamped the bus division and secured a franchise extension on its C2C London commuter service from Southend and Tilbury.</p>
<p>The company said the turnaround was running ahead of plan, with profits for 2010 up to £160.5 million from £116.2 million a year earlier. </p>
<p>It pointed out the result was 15% higher than the market&#8217;s expectations at the start of the year.</p>
<p>Chairman John Devaney said much of the credit should go to Mr Finch, who he said had brought &#8220;clarity and operational focus&#8221; throughout the group.</p>
<p>&#8220;Following a turbulent 2009, we are rebuilding a high quality business, focused on its core operations and established on a sound financial footing,&#8221; he added.</p>
<p>The company operates more than 1,600 buses and employs 5,800 people in the West Midlands and Dundee, while its coach operation serves more than 1,000 destinations and employs 1,600 people. </p>
<p>It also runs transport services in North America and Spain.</p>
<p>Mr Finch joined the company from London Underground infrastructure firm Tube Lines.</p>
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