TUI confirms guidance after strong summer season, shares rise

Europe’s biggest tour operator TUI this week confirmed its annual guidance and mid-term targets after a strong summer season, sending its shares up in morning trading.

Shares in TUI rose 2 per cent by 0735 GMT, hitting their highest level in two months.

TUI forecast a 25 per cent increase in operating profit and 10 per cent revenue growth this year.

“The sun continues to shine on holidaymaker TUI,” said Hargreaves Lansdown analyst Aarin Chiekrie, adding that markets...