TUI AG (LON:TUI) shares have done well recently thanks in part to boasts of a strong second quarter performance, and on Thursday investors will be keen for an update on the travel operators outlook.
TUI posted 19% growth in like-for-like underlying earnings (EBITDA) and raised its full year expectations for turnover on the back of strong demand for its hotels, cruises and holidays.
The company said it sees turnover for the year rising more than the 3% previously guided after delivering a 16.4% increase in the third quarter to €4.7bn from €4.2bn the same period a year ago.
The UK division has finally rebranded as TUI, dropping the Thomson name.
Sterling has been on a bit of a tear of late, and this may warrant a mention. Management may also give details on how badly trading has been affected by the recent hurricanes in the Caribbean area.
Thursday's Agenda
Trading update: TUI AG (LON:TIU), RPC Group PLC (LON:RPC), 3i Infrastructure PLC (LON:3IN)
Finals: Allergy Therapeutics PLC (LON:AGY), Clinigen Group PLC (LON:CLIN), Hansard Global PLC (LON:HSD), Inland Homes PLC (LON:INL), Produce Investments PLC (LON:PIL)
Interims: Carillion PLC (LON:CLLN); Air Partner PLC (LON:AIR), ECSC Group PLC (LON:ECSC), Frontier Smart Technologies Group Limited (LON:FST), Harvey Nash Group plc (LON:HVN), Microsaic Systems PLC (LON:MSYS), Midatech Pharma Plc (LON:MTPH), Netscientific PLC (LON:NSCI), Tissue Regenix Group PLC (LON:TRX)
Ex-dividends to clip 0.7 points off FTSE 100: Hargreaves Lansdown PLC (LON:HL.), Intertek Group PLC (LON:ITRK), Wm. Morrison Supermarkets PLC (LON:MRW), Smurfitt Kappa Group PLC (LON:SKG), Worldpay Group PLC (LON:WPG)
Economic data: US final third quarter GDP; US weekly jobless claims