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Three Quick Facts: Trainline, Balfour Beatty and Prudential


Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. European growth notable from Trainline

A trading statement from Trainline LON:TRN has been published today, covering the full year to 28th February. Net ticket sales are up 72% and some 16% higher than pre-pandemic levels and growth was seen as being particularly strong in international markets. Carrier competition in Europe is seen as a key driver in demand here. Group adjusted EBITDA is expected to be in line with market expectations and full year results will be published in early May.

#2. Balfour Beatty profits soar helped by diversified portfolio

Balfour Beatty LON:BBY has full year results out today, noting a 7.5% uptick in revenues but a 42% rise in profits from underlying operations. Shareholders are being rewarded with a 17% uptick in full year dividends. The company’s diversified portfolio of projects both across sectors and geographical regions is seen by management as having been critical in delivering these above expectation results.

#3. Prudential full year numbers show revenues fall

Full year numbers are out from Prudential LON:PRU today in what is a typically lengthy tome from the insurer. Gross premiums are down, but the stand out number appears to be the investment return which has tumbled. Shareholders are however being rewarded with a close on 10% uptick in dividends.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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