TUI management urged its shareholders to support the company's plans to abandon its UK stock listing in favor of trading primarily in Germany, with the vote taking place later on Tuesday. Shareholders approved the delisting from the London Stock Exchange, as reported by BBG and others. This move is part of a broader trend of companies exiting the London Stock Exchange, representing a significant shift for TUI, a major player in the travel industry. The transition to a primary listing in Frankfurt is seen as a strategic step for TUI. Breakingviews commented that London can bid a 'tear-free goodbye' to TUI, indicating a minimal impact on the city's financial market, despite being described as a 'blow to the City' by SkyNews.
TUI to take flight from London listing in blow to City https://t.co/CtY1J0fuiY
TUI shareholders approve delisting from London Stock Exchange https://t.co/fF62Kl1Pxa https://t.co/vcgiV9zukK
Breakingviews - London can bid tear-free goodbye to TUI https://t.co/sEPYXUH2EX https://t.co/sEPYXUH2EX
From Breakingviews - Breakingviews - London can bid tear-free goodbye to TUI https://t.co/IrR5MQUBj6 https://t.co/IrR5MQUBj6
Exodus from London Stock Exchange set to continue as travel operator wants to exit https://t.co/3y4PQPA28l
TUI Urges Investors To Abandon London Listing, Move To Frankfurt - BBG https://t.co/38GruHCrkm
TUI management urges shareholders to support plans to abandon its UK stock listing and trade primarily in Germany, as investors vote on the decision at a meeting later on Tuesday https://t.co/424Dg76bYY