TUI CONSIDERS DELISTING FROM LONDON – Tour operator looks at taking flights to Frankfurt leaving London listings gloom behind

Tul, Europe’s largest tour operator, is weighing delisting from the London Stock Exchange in the latest blow to the market.

The company, listed in London and Frankfurt, said yesterday it had been approached by investors questioning whether it’s current structure was “optimal and advantageous”.

While Tui has had a dual listing since 2014, the Hanover-based group said that over the past four years a large part of the volume of trading in its shares had migrated from London to Frankfurt.

Potential benefits of a single listing would include a more prominent position on an index in Frankfurt and cost savings, Tui said. A move would need the backing of 75 per cent of investors.

The market for UK listings is in the doldrums, with a steady flow of companies opting to list in, or switch to, New York in search of high valuations and deeper pools of capital.