Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Shares of the UK's largest holiday company, TUI (LON: TUI), are climbing on Thursday after it was reported the company is set to offer cheap coronavirus tests for UK holidaymakers.
Ahead of the UK announcing its travel green list on Friday, TUI is looking to reduce the extra costs associated with coronavirus tests by offering a cheaper package which will be as low as £20.
The tests are a requirement for people returning or visiting the UK from green list countries. People travelling from countries on the amber list can get an additional PCR test within the package for a cost of £50.
Testing requirements are seen to be a stumbling block as many believe it will make travel too expensive for many people, potentially adding hundreds of pounds more to the price of holidays.
International travel in England is expected to resume from the 17th of May.
“Our research has shown that customers are looking forward to their much-needed holiday overseas, but affordable and easy testing solutions was imperative to make this a reality,” said Andrew Flintham, TUI managing director for the UK and Ireland.
“The four new exclusive testing packages have been developed with our customers in mind; they’re offered at greatly reduced prices, include certification to travel and will be a simple process from start to finish,” added Flintham.
TUI's share price rose to highs of 441.9p on Thursday. It is currently trading at 434.5p, up 0.88%.
One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .