Tui Considers Delisting from London Stock Exchange Amid Profit Surge

The move follows a shift in share ownership to Germany and comes as the company reports record revenues, further pressuring the London Stock Exchange after recent high-profile departures.

Tui, Europe's largest travel operator, is considering delisting from the London Stock Exchange and moving to a prime standard listing in Frankfurt, following a shift in share ownership from the UK to Germany over the last four years.
The potential move is seen as a blow to the London Stock Exchange, which has recently seen high-profile departures such as building materials group CRH, plumbing supplier Ferguson, and chipmaker Arm.
Tui's decision comes after it swung to a full-year profit with record revenues of €20.7bn for the year to September 30, significantly higher than before the pandemic.
The company expects underlying earnings to jump by at least 25% in the new financial year, with sales also set to rise by another 10%.
The proposal to delist from the London Stock Exchange will be put to a vote at Tui's annual general meeting in February, requiring the backing of 75% of shareholders to take effect.