Shares of TUI plummets

Posted: July 27th, 2010

The shares of TUI Travel dropped from 4.1 percent to 222.2 pence, despite the company’s announcement that Thomson Airways brand will be the first airline company to fly the new Boeing 787 Dreamliner from January 2012.

Along with Thomson Airways, Astra Zeneca was the second worst performer with their shares dropping 2.5 percent from 3,141 pence. The third company with dismal figures was Kingfisher (parent of B&Q); their shares dropped from 2.2 percent to 220.4 pence.

Earlier this week, Cooperative Travel released a study that said that the travel industry would soon get into a price competitive mode. This means that the entire travel industry will try and market their competitive rates and cost effective holiday packages.

On a different note, the chipmaker Arm Holdings came on top of the TSE 100 leaderboard at the end of the day. The major reason for this would be the news of their licensing deal with Microsoft.

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This entry was posted on Tuesday, July 27th, 2010 at 5:52 pm and is filed under Bridging Finance . You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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