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TUI shares jump on Fredriksen buy-in, Norwegian has good day, SAS eases – SHARE WRAP

Shares in TUI AG, owner of TUI Travel, rose 7.1% yesterday – its fourth consecutive daily increase – on reports Norwegian billionaire, John Fredriksen, increased his stake in the company from 15% to 16.8%.

Norwegian – the airline – meanwhile also had a strong day, rising 4.9%, at the expense of Nordic rival, SAS, whose shares eased 5.3% yesterday.

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European selected airlines daily share price movements (% change): 15-Apr-09