Tui to Exit London Stock ExchangeFrankfurt, Citing Market Shifts
The travel giant's move reflects a broader trend of companies reassessing their listings amid changing market dynamics and regulatory environments.
- Tui shareholders overwhelmingly vote to delist from the London Stock Exchange and move to Frankfurt, with 98.35% in favor.
- The decision is driven by a significant shift in trading volume from the UK to Germany, with 77% of Tui shares now traded in Frankfurt.
- Tui's exit is part of a wider trend of companies leaving London, raising concerns about the health of the UK's stock market post-Brexit.
- Analysts caution against interpreting Tui's departure as a sign of London's decline, noting the city's enduring appeal as a financial hub.
- Tui reports record revenues and a return to profit in the latest quarter, underscoring the company's strong performance amid the listing change.