Tui is considering delisting from the London Stock Exchange as returns from the UK’s flagship shares index lag behind European peers.

The holiday company said it had been approached by shareholders concerned about whether its current listing is “optimal and advantageous”.

Bosses said there had been a “notable liquidity migration from UK to Germany” in the ownership of its shares over the last four years.

The statement said: “In light of the views expressed by shareholders and any further feedback from shareholders, the executive board is currently considering, if an upgrade to a prime standard listing in Frankfurt with MDAX inclusion and a delisting from the London Stock Exchange would be in the best interest of shareholders. 

It comes a day after the Dax index in Frankfurt hit a new record high, while the FTSE 100 closed lower for a second consecutive day.

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