Tui shares soar on positive profit figures

<p>Shares in Tui have soared this morning as the travel company boasts of high profits.</p>

Shares in Tui Travel have jumped on the London Stock Exchange this morning (December 4th) after announcing it has enjoyed a strong performance in the UK this year.

The company – which owns package holiday businesses First Choice and Thomson – reported an eight per cent increase in annual profits, with these rising to £390 million in the year to September 30th.

This is a marked increase from the £360 million made one year ago and Tui has said its profits from UK markets rose by nearly one-third (32 per cent), despite a one per cent slide in British and Irish traveller numbers.

Chief executive of Tui Travel Peter Long said: "We have delivered record Group profits while the UK achieved outstanding results both in terms of profit and margin all against a backdrop of continued economic uncertainty."

At 09:55 GMT, Tui shares rose by 2.7 per cent to 276.30p per unit.

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