Britain accounts for more than 90 per cent of Trainline’s profits. The company sells tickets from 270 operators in 45 countriesTrainline has been derailed by the government’s plans to set up a rival, state-run ticketing app, a move that threatens the company’s dominance in digital train fares. SponsoredAnalysts at Stifel, the broker, warned that the site posed a “significant competitive threat” to Trainline, which sells 70 per cent the UK’s digital train tickets. The emergence of a new competitor sent Trainline shares tumbling by 99½p, or 23.2 per cent, to 328½p last night. It was the stock’s biggest one-day fall since the

Source: The Times May 20, 2021 17:15 UTC