Three key news stories unfolding as the UK stock market opens. Check out our companies reporting diary for upcoming results from FTSE 350 and selected international stocks.
1. Trainline sales advance again but outlook tempered by fundamentals
Full year numbers are out from Trainline LON:TRN this morning with net ticket sales up 12%, adjusted EBITDA 30% ahead and operating profits up 54% to £86m. Ongoing liberalisation across rail networks is seen as being a positive for the business, although macro headwinds, expansion of TFL contactless travel zones and changes stemming from Google are all seen as having the potential to slow ticket growth sales in the current FY.
2. Good weather sees ‘Spoons post strong quarterly sales
There’s a trading update out from JD Wetherspoon LON:JDW this morning with like for like sales over the last 13 weeks up by 5.6%. Management do caution that good weather has helped drive this uplift, but the company still expects a reasonable outcome for the full year, notwithstanding the increased wage and tax bill which will add £1.2m a week to costs.
3. Big Box management see data centre potential for exceptional results
The real estate investment trust Tritax Big Box LON:BBOX published a trading statement ahead of today’s AGM. Management note recent sales of assets at or above book value, whilst adding that they believe the business has little exposure to US tariff charges given they primarily serve the UK domestic market, whilst hopes are high that the move into data centres will yield exceptional returns for investors.
