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Financial

TUI Travel Value Tumbles

2010-10-21 by Phil Butler

TUI Travel Board of Directors

TUI Travel accepts CFO resignation amid almost scandalous restating of financials. CEO Peter Long and CFO Paul Bowtell talk, after which Bowtell announces his resignation. A restated financial report reveals a fairly vast accounting error – stocks decline on the news.

Tags: Bowtell, CEO, CFO, Europe travel, Financial, First Choice Holidays, Peter Long, stocks, Thomas Cook Group Plc, travel agency, travel agents, travel stocks, TUI Travel




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