Nick Raynor, investment adviser at The Share Centre gives his top five shares who may benefit from the summer months.

The volcanic ash cloud caused disruption for the whole of the sector. Tui Travel has outperformed its competitors and implementing a cost saving strategy has helped to limit the impact of the disruption on the airlines latest figures.

Although temperatures reached the dizzy heights of 30 degrees and above in July, many will still be heading abroad to escape the uncertainty of the British summer. This should encourage the positive momentum the company suggested earlier in the year continue.

Investors willing to accept a medium level of risk may wish to drip feed in to Tui Travel for both income and growth.

The summer months see people refreshing their wardrobes to cater for the hotter weather, holidays and music festivals and ASOS should benefit from this. The AIM listed company reported a 95 per cent increase in international sales to £63m for 2010, and plan to continue growth of its international presence continue in to 2010 with the launch of a stand alone

American site.

ASOS is in the almost unique position of having no debt and rising levels of cash in the bank. Investors may be disappointed to see there is still no dividend but we are happy to recommend the online retailer as a ‘buy’ for investors willing to accept a higher level of risk.

The summer months tend to encourage people from all walks of like to embark on the great out doors. From mountain biking to camping, Halfords can cater for all their needs as it is the market leader in each of the categories it operates in.

Although recent results were disappointing, the retailer had delayed its summer leisure promotions until after the world cup. We should see the benefit of this in the coming months.

Tesco offers all your summer needs under one roof. Despite results released in June showing UK sales were down, Tesco’s will be geared up to benefit from BBQ season as well as the back to school promotions.

Tesco is a strong defensive stock that offers investors seeking growth a good return. It is still our preferred supermarket due to its well executed strategy, concentrating on keeping prices down, margins steady and developing international presence.

Marston’s will be looking to see a boost in profits over the summer months, especially if the sun continues to shine. Recent news that the brewer has been chosen by Carlsberg to brew Tetley Cask Ale in Wolverhampton later this year secures its future.

Measures to make the company more family friendly, and to reduce its debt levels should also have a positive affect of the share price. The brewer is a higher risk recovery-stock and one to keep an eye on.