| Journal: TWUK | Section: |
| Title: | Issue Date: 30/10/00 |
| Author: | Page Number: 37 |
| Copyright: Other |
P&O Princess Cruises flotation
TRADING in P&O Princess Cruises shares kicked off last week, following the demerger of P&O’s cruising businesses.
P&O Princess Cruises floated on the London Stock Exchange and on the New York Stock Exchange to attract more Americans to the cruising market.
A P&O spokeswoman said:”P&O and P&O Princess Cruises will now be completely independent companies.”
P&O announced a £109.3 million profit during the first six months of this year. The introduction of Aurora helped push P&O Cruises and Princess Cruises to 19% more capacity than the same period last year (Travel Weekly October 2).