Investments and investor services
FTSE 100 closes lower as traders catch breath after recent excitement
After being in the black for much of the day, the Footsie has slipped into the red
Company
TUI AG
LON:TUI
TUI Travel, now assimilated into its German parent company, TUI Group, has become one of the world’s leading international leisure travel groups operating in over 180 countries with more than 30 million customers in 25 source markets.
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Airlines, plane manufacturers and tour operators beware - space could be your Kodak moment
At a price of $2,500 per trip, swapping space flights for long-haul trips is an opportunity that could be worth over $20bn a year to the travel industry
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FTSE 100 closes firmly higher; Ashtead Group top dog
Britain's blue-chip benchmark closed up nearly 86 points at 7,443, while the FTSE 250 added over 154 points at 19,311
easyJet’s FTSE 100 relegation could be more of a dip than a descent
The budget airline is accompanied by generic drug maker Hikma on the list of firms facing the blue-chip trap door
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Burberry and Thomas Cook in the spotlight; ex-divs to take 26 points off the FTSE 100
Numbers from Countryside Properties, National Grid, and Wincanton will also be among Thursday's highlights.
High FTSE yields point to 'dividend slaves' that may cut payouts
Grace Jones' Slave to the Rhythm might well have been about the pressure of a progressive dividend policy: 'Build on up, don't break the chain; Sparks will fly when the whistle blows'
TUI blames Brexit, Boeing 737 Max grounding and 2018 heatwave for wider loss
For summer 2019, bookings are down 3% on last year with 59% of the total programme sold, compared to 62% at the same stage a year ago
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FTSE 100 closes higher as Trump trade fears ease
The mid-cap FTSE 250 was also a shade higher - adding around two points at 19,369
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More turbulence likely from first-half numbers from travel firm TUI on Wednesday
Aside from the TUI numbers, blue-chip firms including DIY stores group Kingfisher, contract caterer Compass Group and credit checking firm Experian will also issue updates on Wednesday
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Jobs figures take macro spotlight on Tuesday while LandSec leads company reports
Analysts at RBC Capital Markets are expecting the UK jobless rate to remain below 5% for a third successive month
Boeing scraps guidance for 2019 as 737 MAX crisis sends costs soaring
The aircraft maker reported a 21% drop in earnings for the first quarter, while the grounding of its bestselling aircraft and a stoppage of deliveries racked up US$1bn in extra costs
Thomas Cook: From Loughborough railways to potential unravelling
Despite expanding from humble beginnings in 1841, the travel operator is now beset on all sides by encroaching rivals while also trying to keep up with changes in consumer behaviour
TUI shares nosedive as it warns 2019 earnings could fall by over a quarter due to grounding of Boeing 737 MAX aircraft
The travel firm said assuming the MAX planes were cleared to resume flights by mid-July at the latest, underlying EBITA for the current year would be around 17% lower than in 2018, however, if the planes were grounded for longer the figure
Investments and investor services
FTSE 100 closes in positive territory as MPs vote down May's deal again
Footsie closed at 7,279, up nearly 45 points on the day
TUI shares jump as Morgan Stanley ups rating after share price tumble
A share price plunge of around 30% since a shock profit warning in early February had left shares in the FTSE 100 travel operator "attractive", according to Morgan Stanley's analysts
Boeing bows to pressure and grounds all 737 MAX’s after US bars aircraft
The aircraft maker said it had decided to ground the 371 MAX planes due to “an abundance of caution” and to reassure the public of the safety of its aircraft
US gives Boeing some respite as it refuses to suspend 737 MAX 8 flights
None of the data received from other aviation authorities would warrant it taking such action, the FAA said
TUI confirms UK decision to ground all Boeing 737 MAX 8 aircraft following crashes
The travel firm said in a statement that any customers due to fly home as well as those scheduled to depart using the MAX 8, would be flown using different models
Ryanair among airlines heavily exposed to potential MAX 8 grounding
The budget carrier currently has around 110 orders for the MAX 200, a high-capacity version of the MAX 8, with options on 100 more to help grow its fleet
Investments and investor services
FTSE 100 closes in red as lack of positive news puts traders off
The UK's blue chip benchmark closed down around 40 points at 7,179, while FTSE 250 shed around 58 at 19,068