UK's Trainline surges on proposed Railways Bill and enhanced profit outlook

Trainline

05/11/2025 09:52

** Shares of rail ticketing group Trainline TRNT.L up 10% at 280p, among top gainers on the FTSE mid 250 index .FTMC

** Britain says government will introduce the Railways Bill to establish new public body to oversee the country's railway network, simplifying operations and bolstering accountability

** Panmure Liberum analysts say shares are likely to be driven by that news, with TRNT taking a largely positive stance over the bill

** Co also raises its fiscal 2026 profit outlook

** It now expects adjusted core profit to grow 10%-13% over last year, compared to previous expectations of a growth of 6%-9%

** First-half adjusted core profit also rose 14% to 93 million pounds ($124.8 million)

** YTD, stock has fallen 36.43%

($1 = 0.7451 pounds)

(Reporting by Tuhina in Bengaluru)

(((( Tuhina@thomsonreuters.com ))))