Half Year Results 

Thomas Cook unveils £1.1bn impairment

Thomas Cook unveils £1.1bn impairment

Management at Thomas Cook (TCG) highlighted last summer’s heatwave, reduced demand for winter getaways and Brexit uncertainty as contributory factors to an underwhelming performance at the half-year, but with the shares down 15 per cent on results day, analysts will be less interested in sector-wide issues than they will be in the areas management can influence – a one percentage point drop in the gross margin is unlikely to inspire confidence. 

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