Tui books profit rise despite heat

Holiday giant Tui has shrugged off a summer heatwave hit to its tour operator and airlines division to report a 10.9 per cent rise in annual earnings, but it warned “challenging” trading will continue.

An impressive performance in its hotels and resorts arm and cruises business offset the impact, helping underlying earnings rise to €1.22 billion (£1.1bn), with currency effects stripped out, for the year to September.