The picture for travel firms finally appears to be improving as restrictions ease and families are tempted to make a dash abroad for some sun.
However, Tui s stock has tumbled in recent weeks and that appears to have enticed its largest shareholder into action.
Russian steel tycoon Alexei Mordashov recently splashed out around £3.8million more on its stock, taking his family s holding to 32 per cent, up from 25 per cent last year, at around £1.2billion.
In the frame: Tui s stock has tumbled in recent weeks and that appears to have enticed its largest shareholder into action
The share purchase brings his family s holding closer to the 36 per cent they are allowed to retain without making a takeover bid under rules tweaked as part of Tui s German state-backed bailout last year.
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