TUI Travel PLC (TT.L)
23 May 2013
|Market Cap (Mil.):||£4,172.42|
|Shares Outstanding (Mil.):||1,118.01|
FRANKFURT, May 15 - German tourism group TUI AG's new chief is cutting costs, restructuring loss-making resorts and cruise operations, and will boost cooperation with unit TUI Travel in a shake-up aimed at resuming dividend payments in 2014/15.
FRANKFURT, May 15 - TUI AG has no plans to merge with London-listed unit TUI Travel, the German company's chief executive said on Wednesday.
FRANKFURT, May 15 - German tourism group TUI AG will cut costs and align its hotels business more closely with that of unit TUI Travel as part of a shake-up aimed at a return to paying dividends in 2014/15.
May 10 - TUI Travel PLC : * Underlying H1 operating loss of £289M (H1 2012: loss of £317M) * UK & nordics source markets delivered H1 revenue growth of 5% and 10%
* Sees FY 2013 towards top end of 7-10 pct op profit growth guidance
LONDON, March 27 - TUI Travel PLC : * Expect to be towards the top end of our guidance of 7 to 10 percent
LONDON, March 26 - TUI Travel PLC : * Michael Frenzel has stepped down as non-executive chairman and has been
* TUI AG reiterates to continue role as majority shareholder
FRANKFURT, March 13 - TUI AG has no plans to reduce its stake in TUI Travel, it said on Wednesday in response to a magazine report.
FRANKFURT, March 13 - TUI AG is considering selling its stake in TUI Travel, Europe's largest tour operator, a German magazine reported on Wednesday.