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The biggest mover in the FTSE 250 today (11 September) is Trainline (LSE:TRN). The stock rocketed 12% higher when the market opened. Although it has steadied since then, it’s still firmly in the black for the day. The FTSE 250 stock gave a trading update, which is the main catalyst for the move. Yet I noticed something in the report that has made me think this move could keep going.
A solid financial update
The business delivered a strong first half (the period ending in August), showing a 2% rise in total revenue while net ticket sales increased by 8% year on year. These figures reflected growth in leisure and fewer disruptions from UK rail strikes.
Given the performance, the company has pushed its profit outlook to the upper end of its previous guidance. Specifically, it expects its adjusted core profit growth to land near the top of its forecast range of 6%-9% for the full year….
