After Thomas Cook Group Plc’s (LON:TCG) profit warning on Monday, sentiments aren’t going to be particularly high for TUI as it releases a trading update on Thursday.
Elsewhere, the older demographic will be in focus as Saga reports.
You only have to look at the share prices of Thomas Cook Group PLC (LON:TCG) and TUI (LON:TUI) to see
Clearly, it has been a rough ride for the London-listed tour operators - you only need to look at the share price charts to see that.
Evidently, according to Thomas Cook, the hot summer weather at home kept Brits from heading abroad in search of warmer climes, hitting demand for package holidays.
UBS analysts expect TUI to repeat its full-year guidance as weakness in UK bookings is offset by Germany, where capacity has increased following the collapse of Air Berlin.
Steady as she goes for Saga
Over-50s holidays, healthcare and insurance provider Saga PLC (LON:SAGA) is due to report its first-half results on Thursday, with UBS expecting a 5% year-on-year decline in profits to £98mln.
The FTSE 250 group is due to take delivery of its new ship, the Spirit of Discovery, next summer and UBS wants to see bookings for its first 19 cruises rise to around 58%.
In its first-quarter update, Saga reported a sharp rise in motor and home insurance volumes, and analysts are looking for further acceleration
The Swiss bank added: “We expect to see continued solid trends in broking new business growth and ship bookings, but we note both appear to be priced into consensus expectations already.”
“Broking growth and cruise bookings are key to helping sentiment improve.”
Thursday September 27:
Trading update: TUI AG (LON:TUI), Halma PLC (LON:HLMA)
Finals: Clinigen Group PLC (LON:CLIN), CVS Group PLC (LON:CVS), Hansard Global PLC (LON:HSD), Bluefield Solar Income Fund Limited (LON:BSIF)
Interims: Saga PLC (LON:SAGA), 888 Holdings PLC (LON:888), BioPharma Credit PLC (LON:BPCR), Circassia Pharmaceuticals PLC (LON:CIR), Maistro PLC (LON:MAIS), Midatech Pharma Plc (LON:MTPH), Petropavlovsk PLC (LON:POG)
Ex-dividends to clip 0.8 points off FTSE 100 index: Hargreaves Lansdown PLC (LON:HL.), Smurfit Kappa Group PLC (LON:SKG), Wm Morrison Supermarkets PLC (LON:MRW)
Economic data: Nationwide UK house price index; US weekly jobless claims; US GDP; US durable goods orders; US international trade in goods