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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/sale-pressure-on-national-express.jpg"><img class="alignnone size-full" title="National Express is facing pressure to put itself up for sale, it has been reported" src="http://londonglossy.com/wp-content/uploads/2011/02/min-sale-pressure-on-national-express.jpg" alt="National Express is facing pressure to put itself up for sale, it has been reported"/></a></p>
<p>National Express is facing pressure to put itself up for sale in a move that could lead to a tie-up with rival Stagecoach, it has been reported.</p>
<p>Elliott Management, an American hedge fund that owns 16% of the bus, rail and coach operator, informed the National Express board of its views two weeks ago but was told there were no immediate plans for a tie-up.</p>
<p>As well as Stagecoach, other potential buyers could include French state-backed transport group SNCF, The Sunday Times said.</p>
<p>Under new chief executive Dean Finch, National Express has turned around its fortunes since being forced to return its loss-making East Coast rail franchise to the Government in 2009. At the same time it had to fend off opportunistic bids from several rivals, including Stagecoach and FirstGroup.</p>
<p>It has seen its market value improve to £1.3 billion after a period in which it has restructured its bus operations and secured a two-year extension on its C2C rail franchise covering the Southend and Tilbury commuter routes.</p>
<p>The Spanish Cosmen family &#8211; the company&#8217;s biggest shareholder with 17% &#8211; attempted to break up the National Express business two years ago but is now said to be supportive of the current strategy.</p>
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