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PRIVACY
Enterprise

Trainline shares lose further ground despite near £6bn ticket sales

Trainline's stock price has fallen by more than a third this year due to concerns over government plans to launch a rival state-owned service

Trainline investors have been concerned the new Labour government's wide-reaching rail reforms could hit the bottom line(Image: Yui Mok/PA Wire)

Despite Trainline's announcement of ticket sales nearing the £6bn mark on its platform, the company's shares continued to slide on Wednesday.

The London-listed firm has seen its stock price tumble by over a third this year amid worries about the government's intention to introduce a competing state-owned service, as reported by .

Trainline has declared it is adopting an "increasingly assertive stance" in discussions with Labour regarding competition and equity in the retail market.

The company also anticipates "level playing field safeguards" for retailers, akin to those in other sectors and "supported by the CMA."

The outcome of a public consultation on these plans is expected to be released by early autumn.

Despite the share price dip of nearly six per cent by mid-morning on Wednesday, the company reported a positive financial performance.

On an adjusted basis, earnings before interest, taxation, depreciation and amortisation (EBITDA) climbed 30 per cent to £159m last year.

Revenue also saw an 11 per cent increase to £442m.