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As London loses another listing, analysts are wary of writing off the UK capital - TL;DR CNBC

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.FTSELSEG-GB.STOXX

Keywords: breaking news: businesslondon stock exchange group plcmarketsbusiness newsftse 100travelairlinesstoxx 600transportationbreaking news: marketsnasdaq inc

Source: https://www.cnbc.com/2024/02/14/tui-london-loses-another-listing-but-analysts-wary-of-writing-off-uk.html


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