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Investor Update: TUI delivers solid fourth quarter update

Headlines from the Proactive UK newsroom.

Package tour group TUI (LON:TUI) delivered a solid fourth quarter update just a day after main rival Thomas Cook collapsed. Problems with the Boeing Max jet are still causing headaches, but summer bookings are as expected and underlying profits will hit guidance.

Business secretary Andrea Leadsom meanwhile has called for the receivers of Thomas Cook (LON:TCG) to investigate the conduct of directors in the lead up to its failure. A shadow airline will be run by the government to repatriate 155,000 stranded tourists.

All eyes will be on the Supreme Court at 10.30am for the ruling on whether PM Boris Johnson’s suspension of parliament was lawful.

Silence Therapeutics (LON:SLN) has received the first milestone from its research collaboration with US firm Mallinckrodt.  The US$2mln payment relates to the completion of certain pre-clinical milestones for SLN500.

Horse Hill excitement is building again with the arrival of equipment for the second well near Gatwick. Drilling is expected to start once the rig-up process is complete. UKOG (LON:UKOG) is the operator and Alba Minerals (LON:ALBA) a major stakeholder. 

Aminex (LON:AEX) is poised finally to start drilling at Ruvuma in Tanzania after the government there settled some long-standing issues with other oil groups. Farm-out partner ARA will advanced Aminex US$3mln through instalments ahead of the signing of a formal deal.

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