Tuesday brings the latest news from London-listed stocks, including TUI, Frasers, Kingfisher, and Moonpig.

TUI Group

• TUI announced the following trading update, with Q4 expected to deliver further stronger progress.
• Its summer 2022 program totaled 12.9 million bookings, an increase of 1.4 million since its Q3 update. Bookings were also at 91% of summer 2019 levels.
• The company reaffirmed its guidance to return to significant positive underlying EBIT in 2022.
• TUI shares increased 2.34% on Tuesday.

Frasers Group

• Frasers Group reported that Mike Ashley will not be standing for re-election as a Director at this year’s annual general meeting.
• He will therefore be stepping down from the board on 19 October 2022.
• Mike Ashley will continue his support for the business, providing £100 million of additional funding.

Kingfisher

• Kingfisher reported its half-year results on Tuesday.
• H1 performance was in line with expectations, and sales were significantly ahead of pre-pandemic levels.
• The company reported a gross profit of £2.5 billion, down 7.4% from the previous year.

Moonpig

• Moonpig has provided an update, sending its shares plummeting 11%.
• Overall trading performance was in line with expectations. As a result, they reiterated guidance for the full financial year.
• The company expects between 58% and 60% of revenue to arise in the second half of the year.