Tui Sees Strong Earnings Growth and Considers Delisting from London Stock Exchange

Tui considers moving stock exchange listing from FTSE 100 to Frankfurt

Setback for London Stock Exchange after travel company says it plans to put proposal to shareholders at AGMBusiness live – latest updatesEurope’s biggest package holiday operator, Tui, is considering moving its stock exchange listing from the FTSE 100 to Frankfurt, in a further blow to London’s status as a global finance centre.The travel company said it had been approached recently by shareholders asking whether the current listing was “optimal…

Tui Sees Strong Earnings Growth and Considers Delisting from London Stock Exchange

German travel group Tui has reported strong full-year results, with underlying earnings before interest and taxes (EBIT) soaring 139%. The company’s revenue also rose by 11% to 8.5 billion euros ($9.17 billion). Investors were particularly interested in Tui’s forecast, which predicts a minimum 25% increase in EBIT for the year 2024. However, it was the news of Tui’s potential delisting from the London Stock Exchange that garnered additional atte…