Thomas Cook shares hit as UK earnings fall
Shares in Thomas Cook have fallen sharply after the travel firm reported a drop in profits at its UK business.
Earnings at its UK division fell by 40% in the year to 30 September to £52m and the company's share price sank as much as 13% in early trade.
Rising hotel prices, the fall in the pound and competition in the Spanish market all affected the holiday firm.
Its costs rose because of a spate of fraudulent illness claims and helping customers caught up in Hurricane Irma.
Despite the weak performance at its UK division, underlying earnings across the Thomas Cook group as a whole rose by... read more
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