This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-37493576
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| FTSE 100 bolstered by travel firm Tui | FTSE 100 bolstered by travel firm Tui |
| (35 minutes later) | |
| (Open): The London market opened higher, with shares in travel firm Tui up after it reported better-than-expected trading. | (Open): The London market opened higher, with shares in travel firm Tui up after it reported better-than-expected trading. |
| Shortly after trading began, the benchmark FTSE 100 index was 41.26 points higher at 6,848.93. | Shortly after trading began, the benchmark FTSE 100 index was 41.26 points higher at 6,848.93. |
| Shares in Tui - whose UK brands include Thomson and First Choice - rose 2.8% after it raised its forecast for earnings growth. | Shares in Tui - whose UK brands include Thomson and First Choice - rose 2.8% after it raised its forecast for earnings growth. |
| The company said UK revenues were up 5% over the summer. | The company said UK revenues were up 5% over the summer. |
| It also said bookings for the winter were up 5% across the group, driven by a 22% rise in UK bookings after the company expanded its long-haul routes to destinations such as Mexico and the Dominican Republic. | It also said bookings for the winter were up 5% across the group, driven by a 22% rise in UK bookings after the company expanded its long-haul routes to destinations such as Mexico and the Dominican Republic. |
| It now expects full-year earnings to be 12-13% higher, compared with a previous forecast of at least 10% growth. | It now expects full-year earnings to be 12-13% higher, compared with a previous forecast of at least 10% growth. |
| Sainsbury's shares dipped 0.2% to 250.30p after it reported a second quarter of falling sales. | Sainsbury's shares dipped 0.2% to 250.30p after it reported a second quarter of falling sales. |
| Like-for-like sales excluding fuel fell 1,1% in the 16 weeks to 24 September as the price war between the major supermarkets continued to take its toll. | Like-for-like sales excluding fuel fell 1,1% in the 16 weeks to 24 September as the price war between the major supermarkets continued to take its toll. |
| Shares in Phoenix Group rose 3% after the firm bought UK insurance business Abbey Life from Deutsche Bank for £935m. Abbey Life has 735,000 policyholder and manages £10bn worth of assets. | |
| UK Mail's shares jumped 43% to 440.50p after it agreed to be bought by Deutsche Post for £242m. | |
| On the currency markets, the pound dipped 0.1% against the dollar to $1.3016, but rose 0.3% against the euro to €1.1636. | On the currency markets, the pound dipped 0.1% against the dollar to $1.3016, but rose 0.3% against the euro to €1.1636. |