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P

CHEMRING 14 Dec 283.50 296.00 294.00 292.00 290.00 288.00 286.00 284.00 8 Dec 9 Dec 10 Dec 13 Dec 14 Dec

Chemring Group has reported encouraging full-year operating profits of £57.6m, a five per cent uptick on last year, amid challenging market headwinds such as intense supply chain pressures and US contract delays. Berenberg has maintained a "buy" position with a price target of 355p (current price 289p) describing the highperforming science and engineering division Roke as a "key pillar of excitement."

TUI 2.70

P 2.65 216.80 2.60 14 Dec 2.55 2.50 2.45 2.40 8 Dec 9 Dec 10 Dec 13 Dec 14 Dec

Tui's soaring expectations following a promising summer period of increased air travel and enthused holiday-going have come crashing down to earth with the emergence of the Omicron variant and fresh talk of winter restrictions. UBS has maintained its "Sell" position amid gloomy forecasts for the New Year, while "value remains unappealing" at its 217p price - with analyst targeting a much lower 155p.

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