TUI plans operations overhaul with 8,000 job losses
The tour operator is planning a leaner business, resulting in 8,000 job losses and restructuring of operations
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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TUI and Aston Martin among key updates for Wednesday
The mid-point of the week will also continue figures from the UK property sector with results from British Land Company, as well as a dollop of macro data from the latest UK GDP figures
TUI downgraded to ‘sell’ by UBS as recovery could be slower than expected
The tour operator may struggle with its cash position as the first trips will be travellers who are rebooking cancelled holidays
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TUI cancels a further 143,000 holidays, BA eyes Gatwick exit
In other travel news a row continues to roil over refunds, while BA has told staff that it may not reopen its Gatwick hub
TUI secures €1.8bn German state loan and cancels holidays for five more weeks
Bookings for beach and cruise holidays from 14 May have been cancelled until at least June
TUI nosedives as it withdraws guidance and suspends ‘vast majority’ of travel operations amid coronavirus crisis
The package holiday operator said package travel, cruises and hotel operations will be suspended “until further notice”
Tui, Carnival and Kingfisher poised to drop out of FTSE 100
NMC Health is certain to be demoted from the index in next week's quarterly review but could be joined by many more, including Morrison's, Meggitt, Pearson and several more
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Coronavirus: TUI share slump continues as Tenerife hotel is quarantined
Travel stocks suffered their latest knock on Tuesday as a Tenerife hotel was lockdown into coronavirus quarantine.
TUI buoyed by bookings surge but concerned over Boeing Max
Full-year underlying earnings (EBIT) are now expected to be €850mln-1.05bn as opposed to previous guidance of €950mln-1.05bn
TUI spins off cruises business into Royal Caribbean joint venture
The travel group said it will receive net cash of €700mln and a big boost to the book value of the business
Coronavirus hits travel shares but TUI sell-off “overdone” says HSBC
Shares in the Anglo-German tour operator are pricing in a mid-teens decline in bookings
TUI downgraded as Berenberg warns firm is making “strategic error” pursuing new growth areas
The German bank said the travel group’s shift toward cruise and hotel operations and away from its core business, “had not delivered the growth it promised”
TUI trims dividend policy as profits dip on Boeing MAX grounding
If the MAX aircraft returns to service by the end of April, there will be an extra €130mln cost, with an extra €220-270mln if the Boeings remain grounded until the end of the financial year
TUI tumbles as Morgan Stanley flags dividend risk
The success of TUI's plan to increase 2020 capacity by around 10% of extra holidays depends on consumer demand and competitor responses, the analysts said
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TUI adds 2mln more summer holiday seats as Thomas Cook collapse boosts demand
Tui’s in-house airline also said it will create jobs for more than 100 pilots and over 200 cabin crew, with many to be recruited from its former competitor Thomas Cook
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Thomas Cook: who will be the winners and losers?
The demise of the world's oldest travel agent has given rise to both opportunities and risks for its rivals in a cutthroat industry
TUI promises to pick up Thomas Cook’s stranded customers
The company is evaluating the short-term impact, while expected full-year earnings remain in line with previous forecast
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UK Supreme Court to rule on parliament prorogation, TUI provides travel update
Tuesday will also see updates from Card Factory, Hotel Chocolat and AG Barr
FTSE 100 closes higher as attention turns to July's Fed minutes
The UK's premier share index finished up 78.97 points at 7,203.97
TUI continues to blame Brexit and 2018 heatwave as third-quarter earnings halve
UK tourists are holding back on expensive holidays as they await the outcome of Brexit, while people are choosing to book later in case there’s another heatwave and they can ‘staycation’ instead
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
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
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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
TUI bemoans last summer’s hot weather (again) as first-quarter losses almost double
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
FTSE 100 closes marginally higher but consumer and industrial shares down
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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AA looking to continue 2019’s drive higher with Tuesday’s full-year update
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
UBS trims target for Thomas Cook as it stays conservative on value potential of airline disposal
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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FTSE 100 closes higher as investors buoyed by trade talk optimism
The UK's premier share index added almost 58 points at 7,129, while the FTSE 250 also gained ground
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Blue-chip corporate update mill to continue to grind, with RBS and AstraZenca to the fore
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
FTSE 100 joins the decline in global equities to close lower
There is not a lot of earnings news on either side of the Atlantic to drive markets higher
TUI AG no longer outshines Thomas Cook after shock profit warning
TUI shares plummeted on a shock profit warning while Thomas Cook gained on the back of news it could sell its airline business
TUI shares descend as it blames warm weather and weak pound for profit warning
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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FTSE 100 joins global equity markets to close lower
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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"Footsie Flops" live down to their name
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
Jefferies initiates coverage of On The Beach with 'buy' recommendation
“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 AG prepares for potential hard Brexit as it posts 2018 earnings growth
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 reverses into close to finish lower as ECB ends QE stimulus program
FTSE 100 closed the day down; Mid-cap cousin FTSE 250 was also off - down over 170 points
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Can Sports Direct avoid the high street gloom when it updates the market on Thursday
Sports Direct and Ocado will be the next retailers in the spotlight as they both update the market.
Investments and investor services
FTSE 100 closes in the red as Brexit and trade worries dampen the mood
Footsie closed the day down around 19 points at 7,016, with big miners in the losers list.
TUI downgraded to 'sell' by UBS on fears of soft Spanish hotels sector
"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 maintains earnings guidance despite hot weather leading to more staycations
TUI said the financial year is closing out as expected with the fourth consecutive year of double-digit growth in underlying earnings
FTSE 100 closes in positive territory as US dollar builds on gains
The pound is off 0.52% against the greenback at the time of writing..
Investments and investor services
TUI and Saga set for Thursday’s spotlight
Holiday operators TUI and Saga will update the market on Thursday, though expectations aren't at all high.
Can TUI avoid the same problems that are denting Thomas Cook’s profits?
TUI is due to publish a trading update on Thursday, just a few days after its rival issued a profit warning on the back of the hot summer weather
FTSE 100 closes in the red as trade tariffs kick in
The UK blue-chip index lost almost 32 points at 7,458
FTSE 100 closes in red as traders fret about Turkey crisis
The UK benchmark of leading shares closed down over 24 points at 7,642.
Investments and investor services
FTSE 100 set to end the week in volatility as metal tariffs hit Turkish lira
The quarterly update on the health of the UK economy showed something of a recovery from the snowed under first quarter.
Investors doubt TUI's outlook as European heatwave leads to more staycations
“The market appears to be sceptical of TUI’s pledge to achieve full year guidance, perhaps mindful of its rival Thomas Cook guiding for results to be at the lower end of expectations last week," said AJ Bell's Russ Mould
Investments and investor services
Ascent Resources doubles as it sees end to permitting delays
A look at some of the top risers and fallers in London today
TUI shares fly lower as traffic control strikes hit third-quarter earnings
A strong performance in the hotels and cruises business and cruises division led turnover growth in the third quarter
Thomas Cook shares fall as UBS initiates coverage with 'sell' rating
UBS believes a competitive environment and higher fuel costs are likely to generate headwinds for Thomas Cook’s already thin margins
TUI maintains full year guidance as it narrows second quarter loss
TUI said it is on track to deliver at least 10% underlying EBITA growth in fiscal year 2018
FTSE 100 closes higher, boosted by oil stocks
President Donald Trump decided to abandon a key Iran nuclear deal, sending oil prices higher
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Beer and pasties to provide sustenance, with updates due from Wetherspoons and Greggs
Day Ahead includes trading updates from pubs operator JD Wetherspoon and bakery chain Greggs, plus interims from blue chips cigarettes firm Imperial Brands and travel group TUI
FTSE 100 consolidates gains to close higher but miners weigh
The UK blue-chip index finished over 44 points higher at 7,044, but big miners tempered gains
Investments and investor services
FTSE 100 ends in positive territory with precious metals miners leading the way
The blue-chip index closed at 7,214, up 46 points on the day
TUI narrows loss as strong demand for holiday packages lifts revenue
Summer holidays are 35% sold, driven by bookings for Greece, Turkey and Cyprus
Investments and investor services
FTSE 100 closes slightly lower as the pound firms after stronger-than-expected inflation data
The index of blue-chip shares ended the day down 0.1% or points at 7,178.01 points after the CPI data
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Update from holidays firm TUI unlikely to overshadow the latest UK inflation numbers
Day ahead includes trading updates from FTSE 100-listed holidays firm TUI and language support services group RWS Holdings, plus the latest UK inflation numbers
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Bumper year for the big ticket "Dogs of the Footsie"
John Harrington takes a look at how Proactive's tweak to the "Dogs of the Dow" system applied to the FTSE 100 did last year. Later in the week, he'll unveil this year's "dogs"
Ladbrokes Coral and TUI slide on JP Morgan downgrade
Both firms had a good run last year but travel and gaming news is unlikely to be as supportive now, says the broker
TUI delivers full year earnings growth on strong demand for hotels and cruises
TUI expects 10% increase in underlying earnings in the current financial year
FTSE 100 slips slightly to close in the red after swinging between gains and losses
The FTSE 100 finally gave up and settled in the red, albeit slightly down ahead of BoE's monetary policy decision on Thursday
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Yellen & Co in focus as Fed looks set to raise rates; TUI, Dixons Carphone, Bellway to update
Day Ahead includes the final Federal Reserve meeting outcome of 2017, plus updates from travel firm TUI, electricals retailer Dixons Carphone, and housebuilder Bellway
Investments and investor services
FTSE 100 closes higher as miners gain and sterling slides
The FTSE 100 closed the day higher, as the weak pound helped, while other European indices lagged
TUI AG to add more flights to fill gaps left by collapse of Monarch Airlines
It is the end of the line for the Thomson travel brand after 52 years of sun, sea, sand and sangria
TUI expects to post double-digit earnings growth after it enjoyed strong summer trading
In a pre-close season trading update, the FTSE 100-listed firm said trading for future seasons, albeit at an early stage, was in line with expectations
FTSE 100 closes up but optimism not "particularly high"
FTSE 100 ended in positive territory, having been lower earlier,..
Investments and investor services
Eyes on TUI as it reveals first half results on Thursday
TUI already tipped off the market that it enjoyed a strong second quarter performance.
TUI soars on double upgrade from Credit Suisse analysts
The Thomson Holidays owner is expected to benefit from the strengthening euro
FTSE 100 finishes nearly 44 points higher after strong start on Wall Street
The UK blue chip index closed at 7,353, as concerns over the US and North Korea tensions abated
TUI lifts annual turnover forecast as tourism remains strong despite weak pound, terrorist attacks
TUI delivered growth in third quarter earnings and a turnaround, driven by a robust performance in its cruises and hotels businesses
FTSE 100 plunges on North Korea fears
The FTSE 100 finished 108 points lower at 7,390, about 13 points above its intra-day low
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Prudential's chief Mike Wells to face questions on rumoured break-up at first half results
Prudential, Glencore and DFS Furniture are among the companies reporting results on Thursday
TUI banks €244mln from Hapag Lloyd share sale
The travel group has now brought in a total of €406mln this year by exiting its shareholding in Hapag Lloyd
Galileo Resources soars higher as initial drilling at Concordia copper project completed
A look at some of the biggest London-listed risers and fallers today
TUI shares slide as it reports first half loss on subdued demand for Turkey holiday bookings
TUI narrowed its first half losses as revenue rose, driven by bookings for its cruises, hotels and resorts
FTSE 100 closes at record high; miners in support
The UK blue chip index closed at 7,454, below the new intra-day peak of 7,460.20, but above the previous high of 7,447 hit in March
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Back to the dog pound: Dogs of the Footsie outperform in 2017
At the end of January, John Harrington tweaked the famous investment strategy known as the Dogs of the Dow, and applied it to UK stocks. How are the investments doing?
Thomas Cook and TUI highlight sector challenges amid tough competition and Brexit
The uncertainty surrounding Brexit, worries about terrorism and tough competition are weighing on the European travel sector
TUI Group reiterates full year estimate as it undergoes a restructuring
TUI said its transformation is progressing as it sells off non-core assets to streamline the business
FTSE 100 closes lower on Trump fears; miners take a hit
The FTSE 100 is off over 60 points as US shares dive on infrastructure concerns