Trainline PLC (LSE:TRN, FRA:2T9A) shares jumped nearly 10% in early trading, reaching 208p compared with Thursday's 190p close. Subsequently, Shore Capital reiterated its ‘buy' recommendation and 400p target price.
Trainline PLC (LSE:TRN, FRA:2T9A) has launched a new £100 million share buyback after reporting broadly stable ticket sales in the first half and maintaining guidance for the year to February 2027. Group net ticket sales for the six months to August 31 were £3.26 billion, broadly unchanged from £3.25 billion a year earlier, while underlying revenue fell 1% to £233 million.
Shore Capital has told investors that the sharp fall in Trainline PLC (LSE:TRN, FRA:2T9A) shares is punishing the ticketing platform for a worst-case outcome that is unlikely to materialise. The FTSE 250 company has shed £185 million in market value since the Competition and Markets Authority (CMA) opened an investigation into how booking fees are presented to customers.
The market's first reaction to the Competition and Markets Authority probe into Trainline PLC (LSE:TRN, FRA:2T9A) was bearish: the shares fell about 15% on Wednesday, wiping out a chunk of value over a single fee-disclosure question. JP Morgan's response, a day on, gets under the hood (not just the announcement, but also delves into the business model).
Shares in Trainline PLC (LSE:TRN, FRA:2T9A), the rail and coach ticketing platform, fell 14% to 208.4p on Wednesday after the competition regulator opened an investigation into how it presents booking fees to customers. The Competition and Markets Authority (CMA) is examining whether Trainline engaged in "drip pricing", where mandatory charges appear later in the buying process rather than in t...
Trainline PLC (LSE:TRN) is facing an investigation by the Competition and Markets Authority over "drip pricing". The rail and coach ticketing platform is one of three companies targeted by the regulator in a fresh crackdown on a practice where mandatory charges are separated from the headline price or added later during a purchase.
JP Morgan has set out a selective stance on the UK small and mid-cap internet sector, naming Auction Technology Group PLC (LSE:ATG, FRA:684) and YouGov PLC (AIM:YOU) as its preferred names while flagging caution on Auto Trader Group PLC (LSE:AUTO) and Trainline PLC (LSE:TRN, FRA:2T9A). The bank rates both ATG, which operates online marketplaces for curated auctions, and YouGov, the market resea...
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