Updates from TUI Travel and Ladbrokes

The FTSE 100 gave away almost 20 points yesterday, sinking to 6,551. Carnival shares, for the second day running, sank substantially, down -6.7%, while energy companies were also under pressure following Labour's price promise. Shares in SSE fell -5.7% and Centrica shares lost -5.3%.

The Dow Jones was down 61 points at 15,273 at close of day yesterday.
We start with a pre-close trading update from TUI Travel for the year up to 30 September. Full year underlying operating profit growth guidance is increased - the company is now confident of achieving at least +11% growth on a constant currency basis.

There was strong high-season Summer 2013 trading in the UK and Nordics with revenues up +8% and +10% respectively. Unique holiday bookings in the UK, Nordics and Germany increased +13%, +11% and +5% year-on-year respectively for summer 2013.

"We are very pleased," says chief exec Peter Long, "with our trading during the Summer 2013 high season, with most of our programmes now almost fully sold. Our strong performance in the market continues to be driven by increased customer demand for unique holidays."

Next, a fourth quarter update from caterer Compass Group. For the full year, organic revenue growth at constant currency is expected to be just over 4%. Including the contribution from acquisitions, revenue growth is expected to be towards 4.5%, claims the company.

Organic revenue growth was driven by "strong levels" of new business wins, retention rates and modest inflationary price increases. Like-for-like volumes are expected to be broadly flat in North America, but negative in Europe & Japan and positive in Fast Growing & Emerging markets.

"We are well placed," said the company in a statement, "to capitalise on the significant structural growth potential in both food and support services globally. We also expect to deliver further cost efficiencies."

Finally, an interim from the UK's second-biggest bookie, Ladbrokes. The bookie admits the summer - profits almost halved for the first six months of the year - was difficult for its UK Retail business. Since that period, machines performance has stabilised it claims, with some growth on an overall gross win basis.

Footfall has recovered with a significant improvement in OTC amounts staked, though results have driven lower than expected trading margins across the business. However in Digital there is little discernible improvement yet.

"As a result," the company acknowledged in a statement this morning, "the Board believe that 2013 operating profit for the Digital division will be below current market expectations and within a range of £10 million to £14 million."