Online ticketing platform Trainline PLC (LSE:TRN) is up 3%, making it a top mover among the bullish FTSE 250 set today.
The rally comes after the company, which aggregates and sells cheap train fares across the UK and Europe, conducted a share repurchase scheme of 130,265 shares at 333.68p, or around £435,000.
But whether Trainline can sustain momentum under a Labour administration is another story.
As eToro’s Mark Crouch put it: “With talk of nationalisation of the railways being bounded around by Labour for some time, companies like First Group and Trainline may be somewhat apprehensive about Labour being in power.”
Labour has committed to fully nationalise the train network within five years of coming to power.
For now, Trainline shares remain buoyant at 343.2p.