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Thomas Cook Group plc (TCG.L)

TCG.L on London Stock Exchange

84.05GBp
11:53am EDT
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0.05 (+0.06%)
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84.00
Open
85.10
Day's High
85.30
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83.75
Volume
4,531,153
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5,569,905
52-wk High
150.00
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82.45

Latest Key Developments (Source: Significant Developments)

Thomas Cook Group Launches £150 Mln Hotel Fund
Wednesday, 7 Mar 2018 05:05am EST 

March 7 (Reuters) - Thomas Cook Group Plc ::‍THOMAS COOK LAUNCHES £150 MILLION HOTEL FUND WITH FIRST CONFIRMED PROJECT​.‍THOMAS COOK HOTEL INVESTMENTS WILL CONSIST OF FIVE SEED HOTEL ASSETS WORTH AROUND £150 MILLION​.THOMAS COOK - ‍LAUNCH OF HOTEL FUND - THOMAS COOK HOTEL INVESTMENTS - A JOINT VENTURE WITH SWISS-BASED HOTEL PROPERTY DEVELOPMENT COMPANY, LMEY INVESTMENTS​.‍JOINT VENTURE WILL BE 50/50 OWNED BY THOMAS COOK AND LMEY​.‍THOMAS COOK HOTEL INVESTMENTS WILL FOCUS ON ACQUIRING HOTEL PROPERTIES ACROSS THOMAS COOK'S KEY DESTINATION MARKETS​.  Full Article

Verdi Says Reaches Wage Agreement For Workers At Condor
Friday, 23 Feb 2018 08:50am EST 

Feb 23 (Reuters) - German Union Verdi::SAYS REACHES WAGE AGREEMENT FOR AROUND 3,000 WORKERS AT THOMAS COOK'S <<>> CONDOR.SAYS CONDOR WORKERS TO RECEIVE 3.3 PERCENT MORE PAY FROM JAN. 1, OR AT LEAST 65 EUROS MORE.SAYS CONDOR WORKERS' PAY TO RISE BY ANOTHER 3.3 PERCENT FROM MAY 2019, PLUS ANOTHER 100 EUROS/MONTH FROM MARCH 2020.SAYS CONDOR WAGE AGREEMENT TO RUN UNTIL END-JANUARY 2021.  Full Article

Thomas Cook says on track to meet forecasts
Thursday, 8 Feb 2018 02:00am EST 

Feb 8 (Reuters) - Thomas Cook Group Plc ::Q1 REVENUE 1.749 BILLION STG.Q1 UNDERLYING OPERATING LOSS -42 MILLION STG.‍STRONG Q1 REVENUE GROWTH OF 7% TO £1,749 MILLION​.‍SEASONAL UNDERLYING OPERATING LOSS IMPROVED BY £10 MILLION TO £42 MILLION​.‍SUCCESSFUL EUR 400 MILLION BOND REFINANCING EXTENDS MATURITIES AT REDUCED INTEREST COST​.‍FULL YEAR OUTLOOK IN LINE WITH CURRENT EXPECTATIONS​.‍GROSS PROFIT OF £376 MILLION WAS £16 MILLION HIGHER THAN LAST YEAR​.‍GROSS MARGIN OF 21.5% REPRESENTS A DECLINE OF 50 BASIS POINTS​.‍SEASONAL UNDERLYING LOSS FROM OPERATIONS IMPROVED BY £10 MILLION TO £42 MILLION​.‍WINTER TRADING FOR GROUP IS IN LINE WITH OUR EXPECTATIONS​.‍80% OF PROGRAMME SOLD, A SIMILAR LEVEL TO LAST YEAR​.‍TOTAL BOOKINGS ARE UP 8%,​.‍AVERAGE SELLING PRICES ARE 1% LOWER OVERALL, REFLECTING A SHIFT IN MIX FROM LONG HAUL TO SHORT AND MEDIUM HAUL DESTINATIONS​.‍TRADING FOR 2018 SO FAR IS ENCOURAGING​.‍IN UK, WE ARE SEEING POSITIVE DEMAND BUT CONTINUE TO EXPERIENCE MARGIN PRESSURE IN HOLIDAYS TO SPAIN​.  Full Article

Interserve Wins Facilities Services Contract From Thomas Cook
Thursday, 4 Jan 2018 04:05am EST 

Jan 4 (Reuters) - Interserve Plc ::INTERSERVE PLC - HAS WON A NEW CONTRACT WITH THOMAS COOK TO DELIVER FACILITIES SERVICES ACROSS THE HOLIDAY COMPANY’S UK PROPERTY PORTFOLIO.INTERSERVE PLC - FIVE-YEAR PARTNERSHIP BRINGS TOGETHER SERVICES FOR BOTH CORPORATE AND RETAIL LOCATIONS.  Full Article

Niki administrator to hold final-stage talks with four bidders for Niki assets
Friday, 22 Dec 2017 08:43am EST 

Dec 22 (Reuters) - Deutsche Lufthansa Ag ::NIKI INSOLVENCY ADMINISTRATOR SAYS TO HOLD FINAL-STAGE TALKS WITH FOUR BIDDERS FOR NIKI ASSETS, CORRECTING EARLIER STATEMENT.ADMINISTRATOR HAD SAID EARLIER THAT HE WOULD HOLD FINAL-STAGE TALKS WITH TWO BIDDERS .  Full Article

Thomas Cook Looks To Close 50 Stores As Part Of Ongoing Review
Friday, 1 Dec 2017 06:12am EST 

Dec 1 (Reuters) - Thomas Cook Group Plc ::THOMAS COOK- ANNOUNCES PROPOSAL TO CLOSE 50 STORES AS PART OF ITS ONGOING REVIEW OF ITS RETAIL NETWORK IN THE UK.THOMAS COOK - STORE CLOSURES, SHOULD PROPOSALS GO AHEAD, WOULD OCCUR BETWEEN NOW-MARCH 2018; ARE MIX OF THOMAS COOK, CO-OPERATIVE TRAVEL BRANDED STORES‍​.THOMAS COOK- STORES AFFECTED ARE EITHER IN CLOSE PROXIMITY TO OTHER STORES OR ARE LOCATED WHERE A DECLINE IN FOOTFALL HAS IMPACTED PROFITABILITY.  Full Article

Thomas Cook Group launches 400 mln euro guaranteed bond
Monday, 27 Nov 2017 11:12am EST 

Nov 27 (Reuters) - Thomas Cook Group Plc ::TO RAISE EUR 400,000,000 IN AGGREGATE PRINCIPAL AMOUNT FROM ISSUANCE BY ITS WHOLLY OWNED SUBSIDIARY, THOMAS COOK FINANCE 2 PLC.‍INTENDS TO USE PROCEEDS OF OFFERING TO REDEEM ITS OUTSTANDING GUARANTEED SENIOR UNSECURED FIXED RATE NOTES DUE IN JUNE 2021​.ISSUANCE BY ITS WHOLLY OWNED SUBSIDIARY, THOMAS COOK FINANCE 2 PLC, OF GUARANTEED SENIOR UNSECURED FIXED RATE NOTES DUE 2023​.  Full Article

Blackrock raises stake in Thomas Cook to 8.82 percent
Wednesday, 18 Oct 2017 09:27am EDT 

Oct 18 (Reuters) - Thomas Cook Group Plc ::BLACKROCK INC RAISES STAKE IN THOMAS COOK TO 8.82 PERCENT FROM 5.02 PERCENT EARLIER - FILING‍​.  Full Article

Transat AT continues its fleet reconfiguration, signing agreement with Thomas Cook
Monday, 2 Oct 2017 07:00am EDT 

Oct 2 (Reuters) - Transat AT Inc ::Transat A.T. Inc continues its fleet reconfiguration, signing an agreement with Thomas Cook.Transat A.T. Inc says ‍under terms , Thomas Cook will make available every winter to Air Transat number of narrow body airbus a321s.Transat A.T. Inc says ‍announce signing of a seven-year agreement with Thomas Cook group airlines for exchange of aircraft on a seasonal basis​.  Full Article

Thomas Cook and Expedia announce strategic alliance
Thursday, 14 Sep 2017 02:00am EDT 

Sept 14 (Reuters) - THOMAS COOK GROUP PLC ::THOMAS COOK & EXPEDIA ANNOUNCE STRATEGIC ALLIANCE.EXPEDIA WILL BECOME PREFERRED PROVIDER OF HOTELS FOR THOMAS COOK'S COMPLEMENTARY 1 CITY AND DOMESTIC HOLIDAY BUSINESS.  Full Article

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Heatwave takes toll on Thomas Cook as holidaymakers delay booking

LONDON British travel company Thomas Cook Group said a summer heatwave kept holidaymakers from booking last minute trips overseas and warned that annual profit would come in at the lower end of expectations.