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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.

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