Holiday giant Tui has seen its shares soar after revealing its best ever monthly bookings in January thanks to the collapse of rival Thomas Cook.

Shares in Tui surged more than 12% as it said summer bookings in its markets and airlines arm are 14% up year on year in its first quarter to December 31, thanks to the record January performance.

It said the market share boost from the collapse of Thomas Cook was helping to offset the impact of Boeing's move to ground the 737 Max fleet after two fatal crashes - which is now expected to remain in place at least mid-2020.

Tui upped its revenue outlook for the full year, saying that it is now expecting "high single-digit percentage" growth, having previously guided for mid-single digits.

The group said it is set to get some compensation from Boeing for the plane grounding, though it is having to secure an extra 34 aircraft to cover the lost capacity this year.

A former Goldman Sachs banker and chief finance officer for one of the UK's biggest sandwich-makers has joined Marks & Spencer as its new finance chief.

Eoin Tonge joins the retailer from Greencore, replacing Humphrey Singer, who quit shortly after M&S was dumped from the FTSE 100 last year.

Mr Tonge will receive a basic salary of £600,000 - up from the £428,655 he received at Greencore - when he joins in June.

M&S said he will also receive a pension contribution "on the same terms as all colleagues". By comparison, chief executive Steve Rowe receives a pension contribution of 25%.

Mr Rowe said: "Eoin's appointment concludes a rigorous search for a world-class finance director.

"He brings in-depth knowledge of food, as well as strategy and operations, and is another addition to the very strong management team we are building to transform M&S."

The huge fire which hit Ocado's Andover warehouse contributed to the online supermarket sinking to a £214.5 million loss for the year.

Some of the money will be recouped through insurance payments of around £90 million, but the increased loss is also due to heavy spending by the business as it builds more fulfilment centres.

Despite the falls in profits, revenues rose 9.9% to £1.7 billion in the year to December 31 - driven largely by its retail division, which was up 10.3%.

Bosses also remain positive, saying the impact from the fire cut 10% of Ocado's capacity - yet sales still grew overall.

The focus for the year ahead will be opening new sites, including Ocado's first international centres in France for Groupe Casino and in Canada for Sobeys.

New sites will help Ocado spend £600 million this year on expansions.