TUI Shares Surge as Package Holiday Firm Raises Profit Outlook
TUI headquarters in Hanover, Germany.
Photographer: Krisztian Bocsi/BloombergTUI AG surged as much as 5% after the German package-holiday operator raised its guidance for the financial year.
Underlying earnings before interest and tax are now expected to rise in the range of 9% to 11% from a year earlier, the company said Tuesday in a statement. That’s above TUI’s prior forecast for a gain of 7% to 10%.