TUI Drops as Disruption Costs Weigh0807 GMT - Shares in TUI drop 1.5% even as the tour operator reported a narrowed third-quarter pretax loss before interest and said it expects to return to positive underlying full-year EBIT. "This has amounted to disruption costs of EUR75 million in the third quarter, leading TUI to make another quarterly loss and sending shares into the red today." ---Deliveroo 1H Pretax Loss Widened on Consumer Headwinds; Begins GBP75 Mln Share BuybackDeliveroo PLC said Wednesday that its first-half pretax loss widened due to increased consumer headwinds, and began a 75 million-pound ($90.6 million) share buyback program. "We expect a positive share-price reaction to this print given the Ebitda beat, strong gross profit margin, better [gross transaction value] exit rate in the second quarter and share buyback announced," she says. (joseph.hoppe@wsj.com)Contact: London NewsPlus; Dow Jones Newswires; paul.larkins@wsj.com(END) Dow Jones NewswiresAugust 10, 2022 04:27 ET (08:27 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal August 10, 2022 20:32 UTC