Trainline and Firstgroup shares tumble as Labour pledges rail nationalisation

@cityam— Trainline and Firstgroup shares fell this morning after Labour announced plans to renationalise Britain's railway network in the next five years.

BBC News—Labour pledges to renationalise most rail services within first term. The party says it offers the "biggest overhaul in a generation" but ministers brand it "pointless".

@cityam—Labour’s rail nationalisation is a misdiagnosis. More state intervention can’t be the cure. Labour's plans to renationalise Britain's rail network have been touted as the "biggest reform of our railways in a generation." But will it change much?

ETtech.com—Intel forecast misses estimates; shares tumble. Intel forecast second-quarter revenue and profit below market estimates on Thursday, sending its shares tumbling roughly 8% as it faces weak demand for its traditional data center and PC chips and trails in the surging market for AI components. Businesses have prioritized spending on advanced and speedy artificial intelligence server chips, hurting demand for Intel's central processing units (CPUs), which have been the mainstay chip powering data centers for decades. Helped by its software,...