Advertisement
UK markets closed

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     

  • CRUDE OIL

    82.84
    +0.03 (+0.04%)
     

  • GOLD FUTURES

    2,328.90
    -13.20 (-0.56%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • Bitcoin GBP

    51,631.48
    -1,616.51 (-3.04%)
     

  • CMC Crypto 200

    1,385.35
    -38.75 (-2.72%)
     

  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

Trainline.com plans to raise $113 million through London listing

Reuters - UK Focus

LONDON, Jan 8 (Reuters) - The private equity owners of Trainline.com, Britain's biggest online rail booking system, said it intended to raise 75 million pounds ($113 million) through a listing on the London Stock Exchange (Other OTC: LDNXF - news) in February.

Morgan Stanley (Xetra: 885836 - news) , JP Morgan Cazenove and Numis are acting as joint bookrunners for the initial public offering (IPO).

Established in 1999, Trainline was bought by Exponent (NasdaqGS: EXPO - news) for about 160 million pounds from a consortium which included Virgin, Stagecoach and National Express (LSE: NEX.L - news) .

The business sells tickets for train travel in Britain online and by telephone. It allows its customers to choose routes and fares based on preferences such as price or time.

($1 = 0.6635 pounds) (Reporting by Matt Scuffham; editing by Simon Jessop)