Trainline shares slump as worries about rival state-run ticketing app bite
2 weeks, 5 days ago

Trainline shares slump as worries about rival state-run ticketing app bite

Daily Mail  

Trainline shares have plunged amidst continued investor unease about competition from a new state-backed ticketing platform. The Department of Transport announced plans in January to introduce a new online service that would combine different train operators' ticket websites and modernise the UK's complex railway ticketing system. While Trainline said the GBR ticketing app will 'likely take several years to crystallise,' investors are very concerned about its potential effect on the company's dominance of the UK domestic rail sector. Rival concerns: Trainline shares have plunged despite the group reporting record sales amid investor worries about competition from a new state-backed ticketing platform Its net ticket sales and turnover both increased by 12 per cent and constant currency rates to £5.9billion and £442milion, respectively, last year.

History of this topic

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4 weeks, 1 day ago
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2 years ago
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