Last Updated : GMT 09:40:38
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Friday 13 June 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

Hapag-Lloyd

TUI says new direction paying off despite profit slump

Themuslimchronicle, themuslimchronicleTUI says new direction paying off despite profit slump289175/286
london - Muslimchronicle
European tourism giant TUI on Wednesday reported a sharp fall in headline profits in its 2016-17 financial year, but said its underlying performance remained solid, thanks to its hotels and cruise line businesses. TUI -- based in north German city of Hanover and listed on the London stock exchange -- booked net profit of 645 million euros ($758 million) betweenRead more

TUI sheds final stake in ship-owner Hapag-Lloyd

Themuslimchronicle, themuslimchronicleTUI sheds final stake in ship-owner Hapag-Lloyd267796/85
Frankfurt am Main - AFP
German tourism giant TUI said Monday it had sold its remaining stake in shipping firm Hapag-Lloyd, the final stage in a restructuring towards mass-market tourism. The Hanover-based firm raised around 250 million euros ($284.6 million) after selling 8.5 million shares at Monday's Frankfurt closing price of 29.50 euros per share. It followed TUI's sale of around six million shares sinceRead more

Maersk container business sinks to quarterly loss

Themuslimchronicle, themuslimchronicleMaersk container business sinks to quarterly loss213544/85
Copenhagen - Arab Today
A.P. Moller-Maersk, the world’s biggest shipping firm, said the container business on which it is staking its future made a loss in the last three months as freight rates declined further. Shares in the Danish company fell 9 percent after third quarter profit fell 44 percent and came in below forecasts. Low oil prices have depressed returns from the energyRead more

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