TUI Group on track for growth after FY earnings rise 12.5 pct

TUI Group , Europe's largest travel company, posted core earnings growth of 12.5 percent in its 2015/2016 financial year, in line with a forecast, and said it was extending by a year an existing profit target. TUI said that at constant currency rates, core underlying profit (EBITA) came in at 1.030 billion euros (878.10 million pounds)in the 12 months ended Sept. 30, up 12.5 percent compared to the year before, and in line with its forecast for growth of between 12 and 13 percent. Given its conf