Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 250 movers: Tui flies high

(Sharecast News) - FTSE 250: 18,709.56, +0.58% at 1330 GMT. Tui Group shares surged as the company released and unexpected trading update, saying it remained on track for a strong summer on Thursday, sending shares in the German travel giant higher.

The firm said it had seen strong demand across all its markets this Easter, with the Canary Islands, Turkey, Balearics, mainland Spain and Greece especially popular.

A total of more than 500,000 customers will be on holiday with Tui over Easter, the firm noted, with a forecast load factor of around 95% in line with pre-pandemic levels.

Sebastian Ebel, chief executive, said: "Booking momentum remains encouraging, and the travel trends and strong demand for the Easter holidays are a healthy signal for the coming summer.

"Our products and brand are popular and in high demand in the UK, Germany, Netherlands, Belgium [and] Switzerland. Based on trends to date, we continue to anticipate capacity to be close to pre-pandemic levels.

"We expect a good summer 2023."

Tui said customers were continuing to book holidays, despite the cost of living crisis and uncertain economic outlook, but were booking at shorter notice, and favouring package and all-inclusive deals.

Ferrexpo more than doubled iron ore pellet production in the first quarter, driven by an improvement in the supply of electricity to operations in Ukraine, which enabled the restart of a second pelletiser line in late February 2023.

Production for the three months to March was 0.90 million tonnes compared with 0.42 million tonnes in the prior quarter, but still 65% lower year on year.

"The group intends to continue to operate with between one and two pellet lines in the coming quarter, in line with 1Q 2023, assuming no further material changes to the operating environment and logistics availability in Ukraine," Ferrexpo said on Thursday.

FTSE 250 - Risers

TUI AG Reg Shs (DI) (TUI) 615.40p 10.45% Ferrexpo (FXPO) 115.40p 4.34% Tritax Eurobox (GBP) (EBOX) 63.20p 3.44% Primary Health Properties (PHP) 104.00p 3.28% Assura (AGR) 50.60p 3.27% TR Property Inv Trust (TRY) 283.00p 3.10% Tritax Big Box Reit (BBOX) 143.70p 3.08% Shaftesbury Capital (SHC) 113.80p 3.08% Supermarket Income Reit (SUPR) 87.20p 3.07% Diversified Energy Company (DEC) 97.55p 3.06%

FTSE 250 - Fallers

Man Group (EMG) 207.20p -4.03% Abrdn Private Equity Opportunities Trust (APEO) 420.00p -3.67% IMI (IMI) 1,419.00p -3.21% Baltic Classifieds Group (BCG) 147.60p -3.15% Vietnam Enterprise Investments (DI) (VEIL) 565.00p -2.75% Travis Perkins (TPK) 883.80p -2.71% International Public Partnerships Ltd. (INPP) 144.40p -2.70% Howden Joinery Group (HWDN) 646.80p -2.68% Bakkavor Group (BAKK) 100.50p -2.43% W.A.G Payment Solutions (WPS) 92.60p -2.32%

Share this article

Related Sharecast Articles

FTSE 100 movers: Experian surges; Burberry falls on results
(Sharecast News) - London's FTSE 100 was up 0.1% at 8,439.32 in afternoon trade on Wednesday.
FTSE 100 movers: Ocado surges; Anglo American in the red
(Sharecast News) - London's FTSE 100 was up 0.2% at 8,428.30 in afternoon trade on Tuesday.
FTSE 250 movers: Currys in favour; No appetite for Greggs
(Sharecast News) - FTSE 250 (MCX) 20,630.59 0.34%
FTSE 100 movers: Diploma rallies on guidance upgrade; BAE hit by downgrade
(Sharecast News) - London's FTSE 100 was down 0.2% at 8,421.35 in afternoon trade on Monday.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.