(11th Aug 2016)
Tui (Thomson Airways/Holidays) shares rose 2.8% to 1041p as it reaffirmed profit forecasts despite a difficult year for the travel industry.
It said third-quarter revenues fell 5.7% due to falling bookings to North Africa and Turkey, and the impact of terror attacks in Europe.
However, the company said there had been "no apparent slowdown" in UK bookings following the Brexit vote.
Tui said underlying earnings grew 1% in the quarter, and it still expected underlying profits for the full year to grow by at least 10%.
So, not the predicted Doom & Gloom indeed