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On The Beach burned by Covid-19

The budget holiday operator has seen bookings (and earnings) slump in the wake of the global pandemic
On The Beach burned by Covid-19

It will come as little surprise that budget holiday retailer On The Beach (OTB) saw its sales collapse by two-thirds in the six months to 31 March. As the spread of Covid-19 picked up pace from mid-February, prospective holidaymakers cancelled their bookings and demand dried up.

IC TIP: Hold at 295p

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