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FTSE 100 closes in green as vaccine roll-out optimism trumps strict lockdown woes
The UK index of leading shares closed up around 40 points at 6,612
Company
TUI AG
LON:TUI
TUI Travel, now assimilated into its German parent company, TUI Group, has become one of the world’s leading international leisure travel groups operating in over 180 countries with more than 30 million customers in 25 source markets.
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LoveHolidays told to pay £18mln of refunds for trips cancelled due to coronavirus
Loveholidays resigned from trade body ABTA earlier this year in a disagreement over who was eligible for refunds
TUI racks up €3bn loss and sees no recovery until 2022
The Germany-based travel operator said it has reduced its winter capacity again
TUI agrees new €1.8bn rescue package including big rights issue
TUI will have pro-forma financial resources and credit facilities of €2.5bn
TUI set for third German bail-out as COVID-19 struggles continue
Germany’s WSF economic stabilisation fund will take a stake in package holiday and airline group
TUI, easyJet, Jet2 rejoice after UK drops quarantine for Canary Islands, Mykonos
Carnival also perked up after reports cruises may be allowed to restart in the US next month
TUI mulls equity raise but well below €1bn
The travel firm responded to press speculations indicating an equity raise of €1-1.5bn
TUI takes 1.4mln customers on holiday during summer
The travel company said it is going ahead with a savings programme to cut its overhead cost base by 30%, hitting 8,000 roles globally
TUI to pay all outstanding refunds by September after competition watchdog investigation
The Competition and Markets Authority received thousands of complaints from customers
Thomas Cook owner plans brand relaunch as travel sector flounders amid pandemic fallout
Chinese conglomerate Fosun, which bought the Thomas Cook brand following its collapse last year, is reportedly expected to announce the relaunch imminently
Travel companies lurch lower after UK adds France to coronavirus quarantine list
France, Monaco, Malta, the Netherlands, Turks and Caicos and Aruba will all join Spain on the UK's quarantine list
TUI says rights issue an option after turnover tanks due to coronavirus
“2021 will be a year of transition and we expect a normalised level of business from 2022,” the company said
TUI bags second rescue package from German government
The loans come with restrictions, such as restraints on dividends, share buy-backs, investments in other companies and the remuneration for board members
Archive
TUI, National Express, GVC set to provide post-lockdown trading updates on Thursday
Thursday will provide the market with a few more insights into the post lockdown trading period.
TUI completes US$226mln sale and leaseback for five new Boeing aircraft
The deal is part of the travel company’s re-fleeting programme
TUI to shut 166 stores in UK and Ireland as COVID-19 keeps customers at home
Some 630 of the 900 staff attached to the closing stores will move to home-working sales or customer service roles.
TUI cancels holidays to Balearic and Canary Islands until next Tuesday as UK's Spanish quarantine batters travel firms
Rival package holiday operator Jet2 has also cancelled holidays to the islands until August 10
TUI liquidity risks abate for Barclays to hike share price target
“Longer term, we are cautious on TUI’s cash generation profile, particularly in the interim uncertain C-19 world, and debt level,” the analysts said
TUI trims payments and deliveries of Boeing 737 MAX planes over two years
As part of the deal, the aircraft manufacturer will provide compensation and credits for some future deliveries
TUI downgraded to ‘sell’ by Berenberg over potentially unsustainable debt levels
The travel agent's debt could reach €7.5bn, according to analysts, even if the Hapag-Lloyd disposal goes ahead