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Tour Operator TUI Leads London Shares Higher on Profit Outlook, Strong Online Summer Bookings

July 22, 2023
in Trade Tube
Reading Time: 1 min read
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European stocks were mixed on Wednesday ahead of the European Central Bank Governing Council weekly call to take stock of emergency funds for Greece, as markets in the Mediterranean country were closed for a public holiday. In London, TUI AG climbed 3.64% after the tour operator said it remains confident of delivering full-year underlying profit growth of 10% to 15%. It said the winter season will close out as expected and that online bookings for summer 2015 are already up 12$. In Madrid, Telefonica was down about 0.6% after an agreement to sell U.K. cell-phone operator 02 to Hong Kong conglomerate Hutchison Whampoa Ltd. in a $15.3 billion deal. And In Paris, French luxury good makers Hermes International was down after posting a fall in its operating margin. It’s also sticking to its 8% sales target

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