Besi Soars, TUI Down, Tesco Up
On this episode of Stock Movers:
- BE Semiconductor shares soar as much as 11% to the highest levels since January, after the chip equipment maker raised its long-term revenue and margin outlook ahead of its investor day.
- Airline stocks are among the worst performers in Europe, after US peers suffered sharp drops on Wednesday when data showed airfares slippping for the fourth straight month. Airlines also face the prospect of higher jet fuel costs, with crude prices up 3.6% on a two-day basis.
- Tesco Plc’s sales increased more than expected as the supermarket chain sold more premium and own-brand products.
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