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P&O Princess Cruises floated in New York and London

Report by John Lavabre

P&O PRINCESS Cruises plc has floated on both the London
and New York stock exchanges.

The flotation follows the demerger of the company from the
P&O Group. The company is listed under the trading symbol POC in both
locations.

P&O Princess Cruises has also announced that it is to
form a marketing alliance with America Online, the Internet service provider. The
alliance will see the two companies developing programmes to promote P&O
Princess Cruises both on-line and off line.

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