Company News 

Thomas Cook issues second warning

Thomas Cook issues second warning

It’s been widely reported that a warm summer discouraged Brits from seeking sunshine abroad. In fact, most UK-listed tour operators have blamed heatwave-induced staycations for subdued growth in the latter part of the year. But for Thomas Cook (TCG), the situation is so dire that it has prompted a second profit warning in the space of just two months, only days ahead of full-year results. Ultimately, the company decided to cancel its full-year dividend.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now