Hot blast: Tui on track despite heatwave denting demand for overseas travel

Travel giant Tui has said it remains on track for a double-digit rise in annual earnings despite the long summer heatwave denting demand across the UK and Europe. The group confirmed that the unusually hot summer and airline disruption over the peak months had made trading “more challenging”. It also revealed a higher-than-expected currency exchange hit of around €70 million (£62.4m). But boss Friedrich Joussen said the group was sticking to its forecast for growth of at least 10 per cent in underlying earnings over the year to the end of September.