If only…
TUI Group (LSE: TUI) operates airlines, travel agencies, cruise ships, resorts and hotels. In December, it revealed an 11.7% rise in annual turnover to €18.5bn, as well as 12% growth in underlying earnings to €1.1bn. The figures were driven by its new strategy of owning hotels and cruise ships.
Last month, it announced turnover in its first quarter to 13 December had risen to €3.5bn, from €3.2bn the year before. It also noted that it had sold 35% of holidays for this summer already, with revenues up 8% and bookings up 6%. TUI expects at least 10% earnings growth in the year to September 2018.
Be glad you didn’t…
British American Tobacco (LSE: BATS) is the largest listed tobacco company in the world with operations in 180 countries. Its share price has fallen by roughly 18% in the last year, as uncertainty surrounding the US tobacco industry has caused investor sentiment to decline.
Its shares plunged in July last year, after the US Food and Drug Administration revealed plans to cut nicotine levels in cigarettes to “non-addictive levels”. The firm recently increased its exposure to the US following its $49bn acquisition of Reynolds. Meanwhile, its operating profit increased by 3.7% to £5.68bn in 2017.