Market Report: Holiday season sees Tui Travel in demand

 

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.

Start your day with The Independent, sign up for daily news emails
News
Amazon's drones were unveiled last year.
business
Arts and Entertainment
Russell Tovey, Myanna Buring and Julian Rhind Tutt star in Banished
tvReview: The latest episode was a smidgen less depressing... but it’s hardly a bonza beach party
Life and Style
Worth shelling out for: Atlantic lobsters are especially meaty
food + drink
News
i100
Sport
Gareth Bale
footballPaul Scholes on how Real Madrid's Welsh winger would be a perfect fit at Old Trafford if he leaves Spain
Arts and Entertainment
Lily James in ‘Cinderella’
film
ebooks
ebooksA special investigation by Andy McSmith
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Claims Administrator

£16000 - £18000 per annum: Recruitment Genius: A position has arisen within th...

Ashdown Group: Development Manager - Rickmansworth - £55k +15% bonus

£50000 - £63000 per annum + excellent benefits : Ashdown Group: IT Manager / D...

Recruitment Genius: Security Officer

£16500 per annum: Recruitment Genius: Applicants must hold a valid SIA Door Su...

Ashdown Group: Business Analyst - City, London

£50000 per annum: Ashdown Group: Business Analyst - Financial Services - The C...

Day In a Page

The saffron censorship that governs India: Why national pride and religious sentiment trump freedom of expression

The saffron censorship that governs India

Zareer Masani reveals why national pride and religious sentiment trump freedom of expression
Prince Charles' 'black spider' letters to be published 'within weeks'

Prince Charles' 'black spider' letters to be published 'within weeks'

Supreme Court rules Dominic Grieve's ministerial veto was invalid
Distressed Zayn Malik fans are cutting themselves - how did fandom get so dark?

How did fandom get so dark?

Grief over Zayn Malik's exit from One Direction seemed amusing until stories of mass 'cutting' emerged. Experts tell Gillian Orr the distress is real, and the girls need support
The galaxy collisions that shed light on unseen parallel Universe

The cosmic collisions that have shed light on unseen parallel Universe

Dark matter study gives scientists insight into mystery of space
The Swedes are adding a gender-neutral pronoun to their dictionary

Swedes introduce gender-neutral pronoun

Why, asks Simon Usborne, must English still struggle awkwardly with the likes of 's/he' and 'they'?
Disney's mega money-making formula: 'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan

Disney's mega money-making formula

'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan
Lobster has gone mainstream with supermarket bargains for £10 or less - but is it any good?

Lobster has gone mainstream

Anthea Gerrie, raised on meaty specimens from the waters around Maine, reveals how to cook up an affordable feast
Easter 2015: 14 best decorations

14 best Easter decorations

Get into the Easter spirit with our pick of accessories, ornaments and tableware
Paul Scholes column: Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season

Paul Scholes column

Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season
Inside the Kansas greenhouses where Monsanto is 'playing God' with the future of the planet

The future of GM

The greenhouses where Monsanto 'plays God' with the future of the planet
Britain's mild winters could be numbered: why global warming is leaving UK chillier

Britain's mild winters could be numbered

Gulf Stream is slowing down faster than ever, scientists say
Government gives £250,000 to Independent appeal

Government gives £250,000 to Independent appeal

Donation brings total raised by Homeless Veterans campaign to at least £1.25m
Oh dear, the most borrowed book at Bank of England library doesn't inspire confidence

The most borrowed book at Bank of England library? Oh dear

The book's fifth edition is used for Edexcel exams
Cowslips vs honeysuckle: The hunt for the UK’s favourite wildflower

Cowslips vs honeysuckle

It's the hunt for UK’s favourite wildflower
Child abuse scandal: Did a botched blackmail attempt by South African intelligence help Cyril Smith escape justice?

Did a botched blackmail attempt help Cyril Smith escape justice?

A fresh twist reveals the Liberal MP was targeted by the notorious South African intelligence agency Boss