Shares of UK's Largest Travel Company Suffered Contrasting Fortunes
A slower trading in summer has been experienced by Thomas Cook this year as compared to last year. This was concluded according to a forecast. The results of whole year were expected to be in line with the expectations
Its shares were the second largest faller on the FTSE 250. The shares were dropped almost by 7% to 145p. This happened when the travel firm said that the UK summer bookings were dropped by 3% on the year. Also, continental sales were flat and northern European sales were decreased by 1% in spite of regular selling price being increased in each segment that was reported.
The late bookings slowed the decrease in trade as compared to that of the previous year. This was due to the bad climate around much of Europe.
The winter dealings had started more slowly across most of the markets. This was due to warm weather across Europe and recent difficulties in Egypt, said Thomas Cook. However, the company assumed that the wider range of routes and packages offered by them would help them in achieving their targets.
Chief executive Peter Long said that they are very pleased with the business during the summer 2013 high season.
New Zealand News
- Hyundai Motor Corp to create ultra-fast EV charging network E-pit in Korea
- MGE gets six-month extension for South Korea’s Inspire Entertainment Resort development project
- Price of two cheapest trims of Tesla Model 3 electric sedan increased by $500
- Genting Malaysia asks employees to accept reduced pay; executives to take leave without pay
- Tesla to design & build affordable EV in China: Tom Zhu
Spain News
- Norway’s ICE car sales decline as buyers making shift to EVs
- Pursang launches Retro-inspired E-Track Motorcycle for Euro 14,449 in Netherlands
- ElectReon successfully tests dynamic wireless EV charging system on public road in Sweden
- Volvo to design special Gothenburg Green City Zone for autonomous & related technologies