Tui hit by Middle East travel chaos and rising fuel costs Transport & Infrastructure Tui has suffered a slip in earnings at its airlines business as the Iran war continues to wreak havoc on global tourism routes and spike fuel prices. The Frankfurt-listed group, which is the world’s largest travel and tourism firm, swung to a €17m loss in its airlines arm in the six months to June, reversing [...]
Tui shares slump as losses widen after quitting London Transport and infrastructure Shares in Tui have slumped as losses widened despite a bumper performance from its cruise segment. Underlying operating losses increased by €18m to €207m (£174.3m) even as second quarter revenue rose from nigh-on breakeven to €3.7bn. Shares were trading down around the 11 per cent mark in early deals on Wednesday. The travel operator did [...]
Lloyd’s of London insurer snubs the City with New York IPO plans insurance A Lloyd’s of London insurer has dealt a fresh blow to the City by snubbing the London Stock Exchange in favour of New York for its planned IPO, piling fresh pressure on the capital’s bourse after it shrank at the fastest pace on record last year. Aspen Insurance, an underwriting firm which operates out of [...]
Tui profit jumps but growth set to slow December 11, 2024 Shares in Tui fell on Wednesday despite full-year profit rising by a third on strong demand for its wide-ranging travel offering.
‘Dangerous and destructive’ Hurricane Milton makes landfall in Florida October 10, 2024 Hurricane Milton has made landfall as a Category Three storm, with the Met Office warning it will be “dangerous and destructive” as thousands of UK holidaymakers had their flights to Florida cancelled. Milton made landfall near Siesta Key, Florida, at about 8.30pm local time. The US National Hurricane Centre reports the hurricane had maximum sustained [...]
Tui: Record revenue boosts travel giant before it takes flight from London May 15, 2024 Tui has reported record revenue in its half-year results, not long before it take flight from London markets for Germany.
Can travel giant Tui take flight from London Stock Exchange in style? May 12, 2024 TUI is set to leave London markets with a flourish. Analysts expect record first-quarter revenue of €4.3bn and a maiden underlying operating profit.
TUI: Travel giant delivers record performance ahead of potential London market exit February 13, 2024 Tui has reported record first quarter revenues and earnings ahead of a potential exit from the London Stock Exchange in favour of Germany.