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Thomas Cook touts turnaround

Thomas Cook 's (TCG) view on its horrid full-year numbers is that they reflect debt and trading issues that the new management team now has in hand rather than the turnaround prospects that have begun to emerge. The troubled tour operator provides a number of reasons for optimism, despite full-year underlying pre-tax profits of £12.7m falling short of expectations and reporting £498m of exceptional costs.

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By Algy Hall,
28 November 2012

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