Some marked falls for train ticket reseller Trainline this morning after the company published full year results. Despite showing strong revenue and profit growth, both of which were helped along by further liberalisation of rail operators across Europe, management cautioned that a range of factors could hamper the near term performance. Ranging from global macroeconomic uncertainty to TFL expanding their contactless travel zones, that all resulted in growth projections for FY26 being scaled back and the Trainline share price was 8% lower in early trade.
The high-performance polymer company Victrex saw its shares trading at the top of the FTSE-250 on Wednesday morning after announcing developments for its ‘Magma’ mega-programme following a contract win from Petrobras in Brazil. Management see this as being a major commercial milestone and investors appear to be in agreement. The Victrex share price is up more than 8% shortly after the open.
This is an AIM listed small cap stock that undertakes research and development when it comes to using blended seaweed products for the global animal feed industry, but this morning provided a strategic and funding update. A cash raise in September was sufficient to tide the business over and Q1 revenues were 65% higher year-on-year, but more funds are still needed. Sufficient reserves exist to take the business to mid-June but management acknowledge the challenging environment that’s prevailing for capital markets. The Ocean Harvest Technology share price was down 68% by 8.30am.
Most read news on Investegate this morning
Final Results - - Card Factory (CARD)
Trading Update Announcement - - Wetherspoon (J.D.) (JDW)
Successful initial results from production test - - Zephyr Energy (ZPHR)
