The Tipster | It is not all plain sailing at TUI travel

ALTHOUGH shares in TUI Travel are sitting around 52-week highs, it has not been plain sailing for the travel firm. Its flagship launch of the Boeing 787 aircraft has been delayed. And it seems to be swimming against the tide of the global economy, as a weaker pound has dampened demand from Brits wanting to travel abroad, and the Eurozone’s economic woes are also failing to provide much support. However, the firm has fared well in the face of these challenges, and shares are up by almost 60 per cent over the last year. And while the UK seems unable to shake off the winter, there is hope that summer bookings may prove to be a vintage. GFT Markets quotes a price of 313.5p-314.5p on TUI Travel.

Traders will be hoping that the sugar rush continues at Tate & Lyle, when it delivers its trading update on Thursday. The company suffered a slip last month, after one of its divisions was affected by a fungus. As a result, it is likely that third-quarter income could be hit by as much as £7m. Nevertheless, shares in the food ingredients producer are up by nearly 19 per cent over the last year, and the firm’s dividend yield at around 3 per cent is a tasty attraction for investors. Steady growth here will not go unnoticed. IG quotes a price of 845.2p-847.3p for Tate & Lyle.

The turnaround of the housing market is likely to have lent support to homebuilder Bellway, when it delivers its interim results today. The homebuilder’s shares are up by 47 per cent over the last 52-weeks, with growth being pushed up through increased sales outlets. Analysts expect volumes to be up by 6 per cent, and sales price growth to be around 2 per cent. And Bellway is expected to keep investors happy by reporting a rise in earnings per share of around 3 per cent. ETX Capital quotes a price of 1,191.21p-1,197.79p for Bellway.