FTSE 250 movers: Investors get aboard Trainline as US visitors return to Europe
The FTSE 250 was up 1.44% at 18,578.50 at 1512 BST
Online ticketing platform Trainline led the risers, up 24%, as it lifted annual guidance after a bigger-than-expected surge in demand for travel, particularly from US visitors.
The company now sees net ticket sales growth of between 18% and 27% versus pre-Covid fiscal 2020. It also expects revenue growth of between 22% - 31% and adjusted core earnings as a percentage of net ticket sales of between 1.9% - 2.1%.
Net ticket sales in the four months to June 30 were up 16% from two years ago, reflecting a faster-than-anticipated recovery in rail passenger volume across Europe - including a notable resurgence of inbound customers from the US. - as well as the benefit of Trainline increasing its investment in its International business, the company said.
Electronics maker discoverIE Group gained afther the company said it had bought CDT group for £5m.
CDT, designs and makes customised plastic enclosures for circuit boards, membrane keypads and associated electronics components. The deal is on a debt-free, cash-free basis, before expenses, funded from existing debt facilities.
The acquisition will be immediately enhancing to Group underlying earnings, discoverIE said.
Trainline (TRN) 349.20p 23.87%
Baltic Classifieds Group (BCG) 138.40p 6.13%
Carnival (CCL) 680.80p 5.09%
4Imprint Group (FOUR) 2,405.00p 4.79%
Liontrust Asset Management (LIO) 903.00p 4.63%
Discoverie Group (DSCV) 657.00p 4.62%
Chrysalis Investments Limited NPV (CHRY) 94.10p 4.56%
Future (FUTR) 1,759.00p 4.08%
Helios Towers (HTWS) 130.10p 4.08%
Ascential (ASCL) 282.40p 3.98%
FTSE 250 - Fallers
Hochschild Mining (HOC) 79.80p -3.86%
Tullow Oil (TLW) 40.98p -3.07%
Centamin (DI) (CEY) 75.74p -3.07%
Energean (ENOG) 956.50p -2.79%
Vietnam Enterprise Investments (DI) (VEIL) 642.00p -2.28%
Polymetal International (POLY) 178.00p -2.20%
Redde Northgate (REDD) 329.50p -1.79%
Wood Group (John) (WG.) 143.15p -1.34%
Ultra Electronics Holdings (ULE) 3,416.00p -1.33%
Mediclinic International (MDC) 440.40p -1.26%