BUSINESS LIVE: TUI returns to profit

By Live Commentary

Updated: 07:43 BST, 9 August 2023

The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are TUI, Bellway, Flutter, Coca-Cola HBC, Southern Water, CLS Holdings and Hiscox. Read the Wednesday 9 August Business Live blog below.

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TUI returns to profit

TUI has posted its first post-pandemic quarterly profit after the tour group cashed in on a rebound in travel demand, with its boss pledging to grow profitability ‘significantly’ going forward.

The tour group posted underlying earnings before interest and tax of €169million (£145.2million) for the quarter, as well as €5.3billion in revenue.

‘We are investing today to continue to significantly grow profitably in the future,’ said TUI chief executive Sebastian Ebel.

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