The analysts at Edison think Marshall Motor Holdings has benefitted from industry-wide tailwinds in the third quarter, despite intensifying supply constraints from the global chip shortage. While there is no certainty as to when trading conditions will normalise, Edison expect margins to moderate next year as car supply improves but has raised its FY21 EPS estimate by 25 per cent.

The opening up of global travel has not done much more for Tui. The holiday giant took a hit last week after announcing a cash call to get the firm through the winter and today share prices sunk more than five per cent after the cancellation of a host of holidays. Travel's recovery looks set to be a gradual one.

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