Rail ticket reseller Trainline has published a full year trading statement this morning and despite announcing solid growth across all key metrics plus a £75m share buyback, ticket sales were at the lower end of guidance and management also acknowledged the longer term potential impact of the government’s GB Rail platform. The Trainline share price slumped 15% in the first few minutes of trade on Thursday.
FTSE-250 listed ventilation product provider Volution Group had half year numbers out this morning. The recent acquisition of Fantech has evidently bolstered the position but operating profits are up more than 10%, outperforming the 9% uptick in revenues. Shareholders are being rewarded with a 21% increase in dividends and management noted market outperformance against a weak economic backdrop. The Volution share price was up more than 8% in early trade.
The food delivery service Deliveroo published results this morning, turning a full year profit for the first time but investors have been quick to focus on the longer term picture. Further improvements to profitability have been pushed out with margin improvement not being seen before 2026 and that has tipped sentiment against the stock. Losses over the last three weeks have been building and the Deliveroo share price was now down a further 7% before 9am on Thursday.
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