Thomas Cook (TCG) shareholders haven't had the easiest ride this year. The strength of sterling, a volatile oil price and pockets of political unrest have weighed heavily on growth. But City analysts are optimistic that next week's full-year results announcement could signal a lightening of the headwinds.
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Problems in Egypt, Russia and Germany are not expected to worsen next year, and the impact of currency on next year's growth figures should be much more benign after this year's £25m hit to profits. The company's ongoing cost-cutting regime should also boost earnings. Brokerage Berenberg expects EPS of 0.08p this year, up from a loss per share of 16.6p in 2013.
