(Midday): The London market traded decrease, however shares in Tui climbed after the journey group stated it was on monitor to satisfy full-yr revenue forecasts.
The benchmark FTSE 100 index fell 17.6 factors, or zero.26%, to six,848.eighty.
Tui shares rose three.1% to 1044p because it reaffirmed revenue forecasts regardless of a troublesome yr for the journey business.
It stated third-quarter revenues fell 5.7% as a consequence of falling bookings to North Africa and Turkey, and the impression of terror assaults in Europe.
Nevertheless, the corporate stated there had been “no obvious slowdown” in UK bookings following the Brexit vote.
Tui stated underlying earnings grew 1% within the quarter, and it nonetheless anticipated underlying income for the complete yr to develop by at the least 10%.
The highest riser on the FTSE one hundred was the bottling agency Coca-Cola HBC after it reported higher than anticipated outcomes. Revenue rose four.eight% to €229.6m (£197m) within the first half of the yr and it forecast stronger gross sales progress for the yr forward.
Within the FTSE 250, furnishings chain DFS rose 14% after it stated full-yr revenues rose 7% and added it anticipated “a report efficiency for the complete yr with outcomes in the direction of the higher finish of market expectations”.
However shares in Card Manufacturing unit fell eight% after its newest buying and selling replace. The retailer stated the retail setting within the first half of the yr had been “difficult”, however stated it was “assured” of assembly analysts’ expectations for full-yr income.
On the foreign money markets, the pound dipped zero.22% against the dollar to $1.2981 however was virtually unchanged against the euro at €1.1638.
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