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FTSE 100 closes up as markets buoyed by US/China trade talks
The more UK-company focused FTSE 250 gained over 147 points to close at 18,972
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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.
261 stories · page 8 of 14
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The more UK-company focused FTSE 250 gained over 147 points to close at 18,972
It was only last week that the tour operator warned investors that full-year profits would be less than first thought
Investments and investor services
May said should no revised deal be ready for a vote by 27 February, a further amendable motion would be tabled
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The car insurer has been on a rebound in recent weeks, and investors will be hoping that the run continues after Tuesday’s 2018 update
In a note, the investment bank said that it believed the airline’s equity value could be worth between £200mln-£600mln, a “more conservative” valuation that the market expectation of between £900mln-£1bn
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The UK's premier share index added almost 58 points at 7,129, while the FTSE 250 also gained ground
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Aside from all the company news, the Week Ahead also brings the latest UK inflation and GDP growth data for investors to digest, while the Brexit saga will continue to roll on
Investments and investor services
There is not a lot of earnings news on either side of the Atlantic to drive markets higher
TUI shares plummeted on a shock profit warning while Thomas Cook gained on the back of news it could sell its airline business
TUI no longer expects to achieve at least 10% annual growth in underlying EBITDA at constant currencies in the three years to 2020
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The UK index of leading shares closed down over 79 points to 7,093, while the FTSE 250 lost over 274 points at 18,799
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Our tweaked UK take on the famous "Dogs of the Dow" strategy performed very well in its first year (to end January 2018) but pooped on the pavement in the second year
“In a challenging environment, a disruptive business model with a robust balance sheet and surplus cash generation warrants a premium versus peers,” Jefferies said
TUI raised its full year dividend by 10.9% and said it remains committed to raising the payout in line with underlying EBITA in 2019
Investments and investor services
FTSE 100 closed the day down; Mid-cap cousin FTSE 250 was also off - down over 170 points
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Sports Direct and Ocado will be the next retailers in the spotlight as they both update the market.
Investments and investor services
Footsie closed the day down around 19 points at 7,016, with big miners in the losers list.
"We are forecasting 1% CAGR decline in Hotels profitability (at constant currency) FY18-20e vs. company's target of 10% growth and we note consensus expectations have not come down YTD," UBS said
TUI said the financial year is closing out as expected with the fourth consecutive year of double-digit growth in underlying earnings
The pound is off 0.52% against the greenback at the time of writing..