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So far today (28 October), the FTSE 250 stock with the largest gains is Trainline (LSE:TRN). At 375p, it’s up almost 10%, rocketing higher as soon as the stock market opened. There was some key news that triggered this move, with my gut feeling telling me that the party isn’t over yet.
A strong update
First let’s get to the news. Trainline released a trading update this morning. It detailed that “following a strong start to H2, the company is today revising upwards its previously stated guidance range”. In terms of specifics, it now expects revenue growth for the full year of 11-13%. This contrasts to the previous expectation of 7-11%.
This is primarily being driven by higher net ticket sales. The forecast here was upgraded from the previous 8-12% growth range to now being 12-14%.
The actual fiscal H1 results will be released in early November (covering the period…
