Tui to leave London Stock Exchange in favour of Germany

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mathias Kiep, chief finance officer of Tui Group, said: “We are pleased that Tui’s shareholders have followed our recommendation and voted in favour of the delisting. “The advantages of a main listing in Frankfurt are obvious: the structures are simplified, liquidity is centralised and improved in one trading venue, and the simplified structure supports the EU requirements for ownership and control of our airlines.” On Tuesday, the business said its pre-tax loss was cut from 272.6 million euros in the final three months of 2022 to 103.1 million euros in the same period in 2023. People's high willingness to travel ensures strong economic development in all areas of the group Sebastian Ebel Around 3.5 million customers used Tui’s services, which include planes, cruise ships and package holidays. “Average selling price continues to hold up well, highlighting the strong demand for our products and the consumers’ continued willingness to prioritise spend on travel and holidays,” the business said.