Big gains for the rail ticketing platform Trainline after they upgraded full year guidance in the wake of a strong start to the second half of the trading year. Operating leverage as the company scales has been highlighted, with net ticket sales for the full year now expected to rise by between 12% and 14%, up from the 8%-12% gain that had been forecast previously. Revenue and adjusted EBITDA growth is also forecast, with interim results scheduled for release at the end of next week. The Trainline share price is up by more than 10% in early Monday trade.
The renewable energy supplier had two announcements out this morning, the first being news that it had agreed to buy Empower Energy for up to £8m, whilst the second update highlighted that the company itself was the subject of an unsolicited bid approach. Good Energy’s management advised the market that Esyasoft Holdings had made a non-binding proposal to buy the entire company. There are no further metrics here, but the Good Energy share price jumped by as much as a third at the opening bell, although gave back some of those gains to sit around 23% higher by 8.30am.
Airline stocks are in focus this morning after oil prices retreated. That came off the back of news that Israel’s retaliatory strikes against Iran had targeted military rather than petrochemical installations, which has been sufficient to give the aviation sector some headroom – at least for now. Less than an hour into the day and the easyJet share price was 4% higher, IAG traded up almost 3% and WizzAir’s share price was also 4% ahead.
Headlines we expect on Tuesday
YouGov Final Results
This time last year Revenue £258.3m, Adjusted operating profit £48.3m
HSBC Q3 update
This time last year Pre-tax profits $7.7bn, Net interest margin 1.7%, Operating expenses $8bn
