Three things you need to know as the UK financial markets open, from Tony Cross.
#1. Full steam ahead at Trainline as guidance upped
Trainline LON:TRN has issued updated market guidance this morning, noting that a strong start to H2 means that FY25 forecasts are being revised upward. Ticket sales are set to improve by 12%-14%, up from the previously stated 8%-12% gain, whilst revenue growth is set to top the previously forecast 7%-11%, too. Adjusted EBITDA is also set to be improved at 2.6% of net ticket sales, 0.1% higher than guided. H1 numbers will be published later next week.
#2. Are headwinds starting to build for Computacenter?
There’s a Q3 trading update out from Computacenter LON:CCC today noting performance in line with the situation a year ago, although that was weighted towards the start of the reporting period. The timing of some orders and a cooling of sentiment in North America does seem set to take a toll and although expectations are that the second half will impress, pre-tax profits on a constant currency basis are set to be modestly behind the comparative.
#3. Acquisition news for Good Energy kicks off the week
A brace of notes from renewables play Good Energy LON:GOOD this morning. The company has announced the acquisition of Empower Energy for up to £8m, funded largely with cash. However the business has also advised that that it has received an approach from Esyasoft Holdings regarding a possible buy out. There’s no further detail here regarding bid premiums and it comes with the usual disclaimers about no certainty an offer will be made, but expect some price action in early trade.