TUI Travel shares surge
Shares in tour operator TUI Travel have jumped 15% after parent company TUI AG hinted it may be looking to increase its 51% stake.
TUI AG has sold about 66% of its Hapag-Lloyd container shipping venture for 4.45bn euros (£3.5bn) and said the cash creates acquisition opportunities.
The German company last year merged its tourism division with First Choice Holidays to form TUI Travel.