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(Sharecast News) - Shares in Trainline were sliding on Wednesday morning, even after the UK government committed to a competitive private sector ticket retail market in the rail industry on Wednesday, as part of an update from the Department for Transport (DfT) regarding future online rail ticket retailing.
The DfT confirmed its plans to establish Great British Railways (GBR) as the central online ticket retailer for the rail network once legislation was passed.
It said GBR would consolidate the online presence of individual train operators' ticketing services, while operating alongside private sector retailers in what the government described as an "open and fair" market.
The government reiterated its view that the private sector would remain instrumental in driving growth through innovation and investment, helping to encourage greater use of rail services.
Trainline noted the government's consistent commitment to ensuring a level playing field for independent retailers and an emphasis on fostering a thriving private sector.
It said it believed such an approach would continue to support competition and customer choice within the market.
The government's announcement preceded the expected launch of an industry-wide consultation on the Rail Reform Bill in the coming weeks.
At 0819 GMT, shares in Trainline were down 5.56% at 370.2p.
Reporting by Josh White for Sharecast.com.
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