Travel group Tui is proving popular in a downbeat market.
The company’s shares have risen 10p to £11.72 following a report it could be considering a break-up, as well as a positive broker note after last week’s figures.
Tui is considering a spin-off of some non-core assets with turnover of around €3bn, the Times reported (£), including hotelbeds.com, Crystal Ski Holidayis and Hayes & Jarvis.
Meanwhile Deutsche Bank issued a buy note with a target price raised from £12.35 to £13.85:
The raised guidance and results have led us to upgrade our forecasts by 9% for 2015 and beyond. The improved blend of profits drives a 12% increase in our target price, with 20% upside to our base case and 39% to our bull case.
The company was created last year when London-listed Tui Travel merged with Greman parent company Tui AG.
