Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
“Blue-chips opened in positive territory as UK Prime Minister Theresa May triggered Article 50 to begin Brexit talks with the EU. Traders will be looking to data on the UK's M4 money supply, mortgage approvals and net lending to individuals, with German import prices and US pending home sales in focus this afternoon,” says AJ Bell Investment Director Russ Mould.
“Travel giant TUI’s shares were flat in early trading despite the group reiterating its guidance of at least 10% growth in group underlying earnings in the current year. TUI’s summer programme remains in line with forecasts despite the impact of macroeconomic and geopolitical challenges. Total revenue is up 9% across its source markets while strong cash flows and proceeds from the sale of Hotelbeds Group and Travelopia is creating a more competitive and less seasonal business for the long term.
“Flybe’s share fell after the group warned it would continue to cut costs to meet competitive market conditions. Fourth quarter revenues have been hit by weak demand in an uncertain consumer environment, together with price competition arising from overcapacity among airlines and sharpened price activity from rail operators. This has been exacerbated by weather related and operational cancellations, as well as industrial action mainly by French air traffic controllers. More cuts are now planned to improve efficiency and stop unprofitable flying. Flybe’s shares were down by more than 6.9% in early trading.
“Centaur Media’s shares slumped after it confirmed it was mulling the sale of its business to consumer segment, Home Interest, which has undergone a significant transformation in the past three years. Centaur’s overall full-year results were in line with forecasts and Home Interest has generated improved returns but the group sees its long term future as a more digitally focused B2B business. Centaur’s shares were down by over 15.4%.”
These articles are for information purposes only and are not a personal recommendation or advice.