Europe’s biggest package holiday operator, Tui, is considering moving its stock exchange listing from the FTSE 250 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”.
It is the latest in a series of setbacks for the London Stock Exchange in recent years, with companies opting to either delist or choose to debut in other markets, most notably in New York.
The building materials group CRH, one of the biggest companies on the FTSE 100, announced in March that it was moving its primary listing to the US, following the UK-based plumbing equipment supplier Ferguson, which did the same last year.
Also in March, the…
