As London loses another listing, analysts are wary of writing off the UK capital
Publishing timestamp: 2024-02-14 06:41:57
Summary
TUI shareholders have voted overwhelmingly in favor of moving a portion of its shares traded on the London Stock Exchange's FTSE 250 to Frankfurt's MDAX. The decision was prompted by changes in the ownership structure of the company's shares and a shift in liquidity from the UK to Germany. TUI's CFO stated that a significant amount of liquidity has already moved from the UK to Frankfurt, and shareholders believed that listing solely in Frankfurt would provide better liquidity and prominence. This move follows a trend of companies leaving the London Stock Exchange, with London experiencing de-listings and high-profile IPO snubs. However, it is important to consider the specific reasons behind TUI's decision, such as its headquarters being in Germany and the majority of its trading taking place in Germany.
Sentiment: NEUTRAL
Tickers: NDAQ, .FTSE, LSEG-GB, .STOXX,
Keywords: breaking news: business, london stock exchange group plc, markets, business news, ftse 100, travel, airlines, stoxx 600, transportation, breaking news: markets, nasdaq inc,