UK's Trainline soars on buyback announcement, annual forecast reiteration
11/09/2026 09:01
BUZZ-UK's Trainline soars on buyback announcement, annual forecast reiteration ** Shares of rail ticketing company Trainline TRNT.L up as much as 8.8% at 206.8p
** TRNT announces £100 mln ($135.19 mln) share buyback programme
** Co reiterates FY2027 forecast
** "Fears into the print that the CMA investigation could lead to a chance in stance on capital allocation have been dispersed with the announcement of a new £100m buyback programme," - Jefferies says in a note
** Co is engaged with the CMA in relation to its ongoing investigation on fees presentation
** As of last close, stock down ~11.2% YTD
($1 = 0.7397 pounds)
(Reporting by Ankita Bora in Bengaluru)