Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    50,788.92
    +1,682.59 (+3.43%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

TUI Group sells UK hotel booking website LateRooms

Reuters - UK Focus

LONDON, Oct (HKSE: 3366-OL.HK - news) 12 (Reuters) - TUI Group, the world's largest leisure tourism group, said it sold its British hotel booking website LateRooms in early October to focus on its main package holiday business.

TUI (LSE: TUI.L - news) declined to give any details on the sale, but said on Monday that it will reveal more in its December earnings release. It (Other OTC: ITGL - news) announced in May that it was putting LateRooms up for sale.

Media reports said that LateRooms had been bought by privately-held travel firm Cox & Kings (BSE: COX&KINGS6.BO - news) , which is based in India. Cox & Kings was not immediately available to comment.

LateRooms was bought for 120 million pounds ($184.34 million) in 2006 by First Choice, which the following year merged to form TUI Travel (Other OTC: TTVLF - news) . TUI Group was formed in 2014 through the merger of London-listed TUI Travel and German majority-owner TUI AG. ($1 = 0.6510 pounds) (Reporting by Sarah Young, editing by Louise Heavens)