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TUI Travel
Royal Caribbean Sells Interest In Island Cruises - Tue. 07 Oct. 2008
Tui Travel has announced that it is to buy out Royal Caribbean’s 50% share of Island Cruises. Tui Travel, which already owns 50% of the Brighton based company, will integrate the business into its head offices in Luton. The decision ends months of speculation following last year’s merger between Thomson owned Tui UK Ltd and First Choice holidays.
First Choice Merger Reduces Tui Losses In 2008 - Wed. 07 May. 2008
Last year’s merger between Thomson and First Choice, resulting in the creation of Tui travel, has cut first-quarter losses for Tui as a result of the deal and seen turnover rise by 24% to €5.1 billion (£4bn).
TUI Travel Reduces First-Quarter Losses - Tue. 18 Mar. 2008
TUI Travel PLC have announced encouraging results in their first completed quarter as a fully merged business. The results for the 3 month period ending 31s December 2007 show a £73 million improvement in underlying operating loss , from £114 in Q1 07 to £41 million in Q1 08.
TUI Review Reveals Savings Target Increased to £150 million - Tue. 29 Jan. 2008
TUI Travel PLC today announced the results of its 100 day review, providing an update on its strategy, setting a series of new objectives as well as announcing that it is upgrading its synergy target from £100 million to £150 million per annum.
TUI Eyes Further Acquisitions - Wed. 26 Sep. 2007
In a TUI Travel trading update, TUI Travel has claimed future acquisitions for the merged travel companies remain a “key priority”. The combined group of Thomson and First Choice purchased nine travel companies in the summer at a total cost of more than £81 million.
TUI Abandon Carnival Cruise Plans - Thu. 06 Sep. 2007
TUI AG and Carnival Corporation have both decided to abandon any plans to create a joint venture cruise company due to the “extremely difficult environment with regards to competitive law” a statement announced.
TUI Travel Announce Completion of Merger - Mon. 03 Sep. 2007
TUI Travel has announced that the merger of First Choice Holidays and the Tourism Division of TUI AG has been successfully completed.
TUI Warned Over Irish Tour Operator Ownwership - Tue. 05 Jun. 2007
TUI has been warned by the European Commission to dissociate from its Irish tour operating arm Budget Travel in order for its proposed merger with First Choice to go ahead.
TUI Purchases Land for Biggest Ever Tuscany Development - Thu. 17 May. 2007
TUI Travel has laid out plans to preserve and restore a recently purchased plot of land in Tuscany. The development is TUI’s biggest ever project and the largest seen in the area.
Holiday Firms Join Forces - Thu. 05 Apr. 2007
German company TUI Travel has joined forces with one of its rivals, First Choice Holidays in a merger designed to combat the fall in sales which has resulted from the demise of the traditional package holiday.