Thomas Cook Group Shares News & Articles

TUI travels to the top of the FTSE 100 leaderboard on strong full year results

Travel agent TUI (TUI) reports a very robust set of full year numbers given a difficult backdrop, helping the shares rise 5.4% to £12.00 – making it the best performer on the FTSE 100. The company reports turnover up 5% to €19.5bn and core earnings up 10.9% at constant currency to €1.15bn in the year to 30 September. TUI also reiterates guidance for underling earnings to increase at a ...

Thomas Cook shares hit six year low as investors panic about its financial position

Shares in holidays firm Thomas Cook (TCG) remain in freefall. In mid-morning trade on Tuesday the stock is off another 15%, meaning that the share price has lost roughly 60% of its value since the profit warning on 27 November. At today’s 20.2p share price, May’s 140p-odd highs seem like a very long time (and altitude) away. TAKING A HOLIDAY FROM HOLIDAYS Shares has previously explained ...

Market report: Intu property buyout falls through, funerals probe and Britvic sweet no sugar switch

Plans to buyout UK shopping centres operator Intu Properties (INTU) have fallen through after a consortium led by the group’s chairman John Whittaker pulled the plug. This comes a huge disappointment to investors in the owner of Manchester's Trafford Centre, sparking a massive 38%-plus slump in the Intu share price, to 117.85p. That values the business at about £1.6bn. This is the second ...

Market report: Sunny results for On the Beach, Experian deal hit by competition concerns

The FTSE 100 is flat in early trading this morning at 7,019.57 as traders look for clues on whether the US and China can resolve their differences on trade at this week’s G20 summit in Argentina. Travel company On the Beach (OTB) posts a 24% rise in full-year profit after riding out a slump in demand caused by hot UK summer weather by cutting its marketing spend. Pre-tax profit for the ...

Market report: Thomas Cook axes dividend after second profit alert in three months

Holidays provider Thomas Cook (TCG) has issued its second profit warning in three months and axed its dividend as it struggles to against a slump in bookings. In September the sun and sea breaks operator blamed this year’s flaming hot summer weather for a cut to its full year underlying profit forecast, slashing guidance from £323m to £280m. Thomas Cook now expects underlying earnings ...

Market report: Investors take flight from Thomas Cook as it delivers major profit warning

After a strong week for the index the FTSE 100 starts off on an uncertain note on Monday down 0.2% to 7,473.11 as new tariffs in China and the US take effect. Travel company Thomas Cook (TCG) downgrades its annual earnings guidance after warm summer weather prompted many people to stay at home, while also announcing that chief financial officer Bill Scott has decided to step down. The shares ...

Market report: First BP divi increase in four years, British Gas-owner Centrica still losing customers

Oil giant BP (BP.) beat second quarter profit expectations after it unveiled $2.82bn compared to forecasts of $2.6bn. That’s four times the amount it reached last year, boosted by higher oil prices. Investors like the encouraging figures, bidding shares in the group marginally higher in early trade on Tuesday, the stock up 0.7p to 566.2p. More good news for shareholders comes on the income ...
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