This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/go/rss/int/news/-/news/business-14117988
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Thomas Cook shares plunge on profit warning | |
| (39 minutes later) | |
| Shares in Thomas Cook have fallen 28% in early London trading. | |
| It comes after the travel company >issued a warning that profits would be hit by unrest in the Middle East and North Africa, and by weak UK spending. | |
| Europe's second-largest travel firm said continuing political unrest had affected bookings to destinations such as Tunisia, Egypt and Morocco. | |
| It also said the profitability of its UK business had been hit by the "squeeze" on consumer spending. | It also said the profitability of its UK business had been hit by the "squeeze" on consumer spending. |
| It now expects annual operating profits of £320m, against forecasts of £380m. | It now expects annual operating profits of £320m, against forecasts of £380m. |
| It said the Arab Spring had caused more disruption to business than previously expected, and had been particularly painful for bookings by French customers. | |
| Meanwhile, the firm said that it had asked management of its UK business to begin "a fundamental strategic and operational review" in light of poor trading. |