Fake illness claims, a weak pound and Spanish price war hit Thomas Cook's UK earnings to prompt share price slide

Holidaymakers making fraudulent illness claims, the weakness of sterling and a Spanish holiday price war have had a negative impact on travel group Thomas Cook's UK earnings. 
Across its UK operations, Thomas Cook saw its annual earnings drop from £87million to £52million.
The group said its UK arm started strongly at the beginning of the year, but succumbed to 'challenging conditions' in the second half.
Thomas Cook, which is listed in the FTSE 250 index, has seen its hare price fall by over 12 per cent to 106.85p.
After four consecutive years of profit growth, the group saw its UK margins... read more

22 November 2017 in Business, Views: 58
Source: Daily Mail

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