• Europe demand drives TUI

TUI narrowed its first-quarter net loss to Eu46.4m from a Eu104m loss in the same period a year earlier.

The group said that rising demand had driven the growth, with turnover up 11% year-on-year to Eu3.3bn. TUI said that, despite the unrest in North Africa, it remained "cautiously optimistic" for the rest of the year.

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