Market Report: Holiday season sees Tui Travel in demand
Friday 15 August 2014
With much of the City on holiday, Tui Travel is in demand. The travel group climbed 7.8p to 369.7p in strong trade after great results from its German parent company Tui AG, which is piloting a £5.6bn merger with its UK subsidiary. It revealed a 89 per cent jump in third-quarter profits.
Tui’s performance and conciliatory comments from Vladimir Putin over the situation in Ukraine helped offset weak Eurozone growth figures and the FTSE 100 climbed 28.58 points to reach 6,685.26.
G4S was among the losers, down 6.9p at 266.6p. Many found it hard to resist taking some profit after the outsourcing giant closed at its highest level since May 2013 yesterday.
Property companies were in demand, with British Land booking a 17.5p increase to 724.5p, Land Securities up 24p at 1090p and LSL Property Services putting on 9.75p to 358.25p.
On the mid-cap index, Ophir Energy was buoyed 13.2p to 211.7p as it announced plans to hand $100m back to investors through a share buyback. The FTSE 250 oil and gas explorer also revealed a return to profit in the first half. The African-focused operator made a pre-tax profit of $589.4m, compared to a loss of $19.4m in the same period last year.
Centamin had less luck, despite also announcing a cash windfall for investors. A maiden dividend of 0.87 cents a share, or $10m, was not enough to stop the Egyptian gold miner sliding 4.6p to 69.9p as quarterly revenue fell 24 per cent.
On AIM, Brainjuicer avoided a headache despite one of its biggest shareholders offloading almost its entire stake. The market researcher’s third biggest investor Nomad Investment Partnership cut its holding from 7 per cent to 0.64 per cent. Brainjuicer climbed 7p to 354.5p.
Mariana Resources tumbled 0.52p to 2.07p after a test at its Condor de Oro copper and gold mine in Peru failed to turn up any economic grade ore.
Plans to tackle the black hole in its balance sheet helped cloud computing firm Outsourcery put on 0.5p to 23p. The company. headed by Dragons’ Den star Piers Linney, revealed measures to raise £4.5m in working capital.
- 1 JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
- 2 The West has it totally wrong on Lee Kuan Yew
- 3 #FreeTheNipple: Women in Iceland bare breasts in solidarity with trolled student
- 4 Video shows what happens when lava is poured onto ice
- 5 Cate Blanchett loses temper during interview: 'That's your f**king question?'
Andreas Lubitz: Who is Germanwings co-pilot who 'locked out captain and crashed flight 9525'?
Germanwings crash: The poignant final photograph taken by Iranian journalist on doomed flight after watching Barcelona play Real Madrid
#FreeTheNipple: Women in Iceland bare breasts in solidarity with trolled student
Cate Blanchett loses temper during interview: 'That's your f**king question?'
Jeremy Clarkson calls on trolls to leave producer Oisin Tymon alone: 'None of this is his fault'
Nigel Farage brands LGBT activists 'filth' and 'scum' and accuses them of scaring away his children after they invade his local pub
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Russia threatens Denmark with nuclear weapons if it tries to join Nato defence shield
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
Vote Ukip, says far-right group Britain First
iJobs Money & Business
£16000 - £18000 per annum: Recruitment Genius: A position has arisen within th...
£50000 - £63000 per annum + excellent benefits : Ashdown Group: IT Manager / D...
£16500 per annum: Recruitment Genius: Applicants must hold a valid SIA Door Su...
£50000 per annum: Ashdown Group: Business Analyst - Financial Services - The C...