Tui profit soars but shares slide as holiday giant warns growth will slow

Tui, Europe's largest tour operator, has reported a significant increase in profit for the last financial year, with underlying earnings before interest and taxation (EBIT) rising by 33% to €1.3bn, up from the previous year's €977m.

This comes as more than 20 million customers chose to travel with the package holiday provider, as reported by City AM.