Panmure Gordon has raised its rating for travel and leisure group TUI Travel from 'sell' to 'hold', saying that there are now few catalysts for the stock to underperform. "The group is outperforming operationally, free cash flow generation is improving and with renewed effort from TUI AG to optimise the corporate structure of the two companies we see few catalysts for the stock to underperform."
13 Feb '13
TUI Travel has revealed the planned departure of its Chairman, Michael Frenzel, could be as early as March 25th. TUI AG has suggested that the position will be filled by its new Chief Executive Officer, Friedrich Joussen, who was appointed as a Non-Executive Director of the company on February 8th. German-listed TUI AG last month ruled out plans to merge with its UK-listed TUI Travel subsidiary. TUI currently owns more than half of the company and was said to have suggested merging the two firms. However, it failed to make it off the drawing board.
11 Feb '13
TUI Travel: JP Morgan shifts target price from 320p to 350p reiterating an overweight rating.
11 Feb '13
Not sure of the accuracy of your post, are you not confusing it with the tragic car crash near Mecca that killed 5 people from South Wales? Either way, an incident like this would have no bearing on the SP.
11 Feb '13
5 killed at weekend on thomson crui
looks like ths could cause a ruffle or two
9 Feb '13
TUI Travel: Barclays shifts target price from 320p to 325p and keeps an overweight rating. Deutsche Bank takes price target from 265p to 275p leaving its hold recommendation unaltered.
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