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BUZZ-TUI Group: Reiterates guidance after summer bookings rise

Reuters - UK Focus

** Tour operator TUI Group's shares up 3.1 pct, top of the FTSE 100, after saying summer bookings were higher than last year, putting it on track to meet its annual target

** Bookings for the summer, when it makes all of its profit, up 2 percent

** More than a fifth of co's daily avg vols gone through in the first 20 minutes of trade, stock set for fifth straight day of gains

** Stock also weak coming into Thursday - down a fifth from Jan. 13 peak to close on Wednesday

** "We expect the update (and reiteration of guidance) to be taken positively today, especially given the recent weakness in the shares," UBS (LSE: 0QNR.L - news) analysts write

** Shares (Berlin: DI6.BE - news) third-largest gainer on the Stoxx 600 and at the top of the Stoxx Travel & Leisure Index (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)