TUI shares fall
Shares in TUI Travel have fallen on the London Stock Exchange following unconfirmed reports that its German majority shareholder TUI AG has delayed plans to sell its 49.8% stake in container shipping firm Hapag-Lloyd.
TUI AG was believed to have been planning to use money raised by a flotation of Hapag-Lloyd next month to buy the shares it does not own in TUI Travel, though the company has never confirmed such a move.
However, it has already said that it wants to focus on its tourism business, but according to a report by Reuters, the company has postponed its planned flotation of Hapag-Lloyd, estimated to be worth a total of between €3bn and €3.5bn, due to a fall in global stock markets caused by the Japan nuclear crisis, political unrest in the Middle East and rising oil prices.
TUI Travel has not commented on the reports. Its shares fell 1.9% following initial reports that the flotation had been delayed and they were down a further 0.7% by the start of trading today.
By Linsey McNeill
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
In Italy, the Meloni government congratulates itself for its tourism achievements
Singapore to forbid entry to undesirable travelers with new no-boarding directive