The FTSE 100 is on the back foot today as it looks to end its 16-day winning streak.
An hour into trading, the blue-chip index is down 23 points, or just over a quarter of a percent, at 8,575.
Results out from Trainline this morning have been insufficient to arrest the slide in its share price. They're down over 5%, despite the train ticketing app reporting a 12% rise in net ticket sales to £5.91 billion for the year ended 28 February 2025.
Vodafone is also under pressure after it announced that chief financial officer Luka Mucic will step down by early 2026. He is to become chief executive of German real estate company Vonovia, prompting a search for his successor at a time of ongoing transformation at the telecoms group.
Card Factory is also down despite a set of upbeat financial results that were well signposted back in a January trading update. It reported a 6.2% increase in revenue to £542.5 million for the year ended 31 January, whilst adjusted profit before tax rose 6.3% to £66 million.