Turkey coup violence hits Thomas Cook and Tui

Travel stocks have tumbled again as the failed Turkish military coup became the latest incident to hit tourist demand just before the start of the industry’s crucial school holidays period.

Shares in Thomson-owner Tui dropped to the bottom of the FTSE 100, falling 4%, before recovering a little to settle off 13.5p at 948p.

Rival Thomas Cook dropped by 5% to the bottom of the FTSE 250, down 3.2p at 60.6p as investors calculated the impact of cancelled existing trips, just before schools break up for summer, as well as last-minute bookings failing to come to fruition.

While Cook says its holiday programme in Turkey continues as normal, customers have been offered free cancellations.

The Turkish incident came hours after France’s horrendous Nice massacre.