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The company said in a press release the problem was the result of "failure to adequately reconcile balances" in its UK company following the merger of TUI, the owner of the Group Thomson Holidays and First Choice to create TUI Travel in 2007.

A company spokesperson said that the gap was born because discounts on bookings and other charges on the side of the retail of one of the companies of the United Kingdom were not fully reconciled with the side of the tower.

"As a result, TUI Travel now believes that should reaffirm its results for the year ended September 30, 2009,"the company said.""

Shares tumbling 6pc to 215 p Thursday - the largest Feller in FTSE 100 in early trade group.

Problems inherited from issues have been discovered by integrating systems in Great Britain after the mooring.This has led to a devaluation of 29 million from ￡ and triggered an ongoing audit revealed the current "irremediable balances".the total canceled is 117 million to ￡.

Paul Bowtell, the senior financial officer for 42 years, has offered his resignation and is leaving the company at the end of the year.

Peter Long, Chief Executive, said: "it is now clear that at the time of the merger, it y weaknesses in existing systems, we chose to use in the company TUI UK.Malgré the fact that the situation constituted in course of the years, Paul to behave honourably and I am disappointed that he will leave the group."

TUI Travel said he remains convinced that results throughout the year will be in accordance with the preceding directives and net debt will be more faible.Il also said that the latest business trends in its last commercial update continued.

Mark Langton, Brumby said in a note: "the fact that legacy problems is reassuring in a way but worrying unreconciled balances must have existed over several financial periods and had not been identified.

He said every year forecast will not be changed, wait for the announcement will be made "negative".

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