10 months ago
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Setback for London Stock Exchange after travel company says it plans to put proposal to shareholders at AGM
Europe’s biggest package holiday operator, Tui, is considering moving its stock exchange listing from the FTSE 100 to Frankfurt, in a further blow to London’s status as a global finance centre.
The travel company said it had been approached recently by shareholders asking whether the current listing was “optimal and advantageous”. It suggested the shift to Germany could lower costs and yield “potential benefits to European Union airline ownership and control requirements”.
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