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Breaking: Beyond Headlines!

London falls as confidence falls ahead of budget but Europe pushes higher
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London falls as confidence falls ahead of budget but Europe pushes higher

Train line (TRN.L) raised its full-year forecast for the second time in two months after generating more cash from ticket sales this year than expected.

The London-listed company forecasts net ticket sales could grow by up to 14% for the year ending February 28, above the previous peak of 12%.

The booking platform said it had recorded growth in the first six months of its financial year and that another “strong start” to the second half, in October, pushed forecasts upwards.

The company previously raised its guidance last month, but the most recent update comes ahead of its half-year results in early November.

Trainline makes most of its money by charging a commission on ticket sales for coach and train travel, and has benefited from fewer train strikes this year than last.

Last month, it also cited the growing popularity of digital tickets stored on mobile phones compared to paper tickets to explain its improving sales.