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Thomas Cook Group plc (TCG.L)

TCG.L on London Stock Exchange

27.50GBp
24 Apr 2019
Change (% chg)

-1.49 (-5.14%)
Prev Close
28.99
Open
29.47
Day's High
29.91
Day's Low
27.02
Volume
17,937,330
Avg. Vol
12,895,369
52-wk High
150.00
52-wk Low
19.64

Latest Key Developments (Source: Significant Developments)

Thomas Cook To Review Financial Services Division
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Thomas Cook Group plc ::TO REVIEW FINANCIAL SERVICES DIVISION.ANNOUNCES A REVIEW OF STRUCTURE OF THOMAS COOK MONEY.UK CHIEF OF RETAIL AND MONEY, ANTH MOONEY, HAS DECIDED TO LEAVE BUSINESS.REVIEW ANNOUNCED TODAY IS BEING HEADED BY CHIEF OF TOUR OPERATING, WILL WAGGOTT, WHO JOINED THOMAS COOK IN EARLY MARCH.PROPOSALS UNDER CONSIDERATION INCLUDE ALIGNING LEADERSHIP & OPERATIONS TEAM FOR THOMAS COOK MONEY MORE CLOSELY WITH TOUR OPERATING UNIT.THOMAS COOK CEO SAYS REVIEW OF THOMAS COOK MONEY WILL NOW CONSIDER HOW CO CAN FOCUS ITS RESOURCES IN CORE HOLIDAY OFFERING.  Full Article

Thomas Cook Agrees To Enter Into JV With Ionic Invest To Buy Tour Operator Of Biblio Globus
Friday, 22 Mar 2019 

March 22 (Reuters) - Thomas Cook Group plc ::EXPANDING PRESENCE IN RUSSIA WITH NEW JV.HAS AGREED TO ENTER INTO A JOINT VENTURE AGREEMENT WITH IONIC INVEST, TO BUY TOUR OPERATOR OF BIBLIO GLOBUS.UNDER TERMS OF AGREEMENT, JOINT VENTURE WILL ACQUIRE 100% OF BIBLIO GLOBUS' TOUR OPERATOR FOR AN INITIAL CASH CONSIDERATION OF $10 MILLION.THOMAS COOK INTENDS TO ASSUME A 30% MINORITY STAKE IN JOINT VENTURE.FURTHER CASH CONSIDERATION OF $10 MILLION WILL BE PAYABLE AND FUNDED BY JOINT-VENTURE BUSINESS IN JANUARY 2020.TOTAL MAXIMUM CASH CONSIDERATION PAYABLE BY JOINT VENTURE BUSINESS, INCLUDING INITIAL CONSIDERATION, IS $150 MILLION.GROSS ASSETS OF BIBLIO GLOBUS ON COMPLETION SEEN TO BE £40 MILLION, PBT IN 12 MONTHS TO 30 SEPT 2019 IS EXPECTED TO BE £12 MILLION.  Full Article

Tui Group CEO Says We Are Not Talking To Thomas Cook At The Moment
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - Tui Group TUIT.L::TUIGN.DE CEO, ASKED ABOUT INTEREST IN THOMAS COOK'S <<>> AIRLINE BUSINESS, SAYS YOU NEVER SHOULD EXCLUDE ANYTHING, WE ARE ACTIVE OBSERVERS.TUIGN.DE CEO SAYS WE ARE NOT TALKING TO THOMAS COOK AT THE MOMENT.  Full Article

Thomas Cook Hotel Investments Secures EUR 51 Mln In Second Round Of Debt Funding
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Thomas Cook Group plc ::THOMAS COOK GROUP - HOTEL FUND SECURES ?51M DEBT FUNDING.THOMAS COOK GROUP PLC - THOMAS COOK HOTEL INVESTMENTS SECURES EUR 51M IN SECOND ROUND OF DEBT FUNDING.THOMAS COOK GROUP PLC - A PIPELINE OF FURTHER HOTEL ACQUISITIONS HAS BEEN IDENTIFIED.THOMAS COOK GROUP PLC - IS FOCUSED ON EXECUTING AN EXPANSION PLAN OVER COMING YEAR.THOMAS COOK - THOMAS COOK HOTEL INVESTMENTS SECURED SECOND ROUND OF DEBT FUNDING WITH EUR 51 MILLION FROM CAIXABANK.  Full Article

Thomas Cook China Plans Two Further Own-Brand Hotels
Monday, 21 Jan 2019 

Jan 21 (Reuters) - Thomas Cook Group plc ::THOMAS COOK GROUP PLC - THOMAS COOK CHINA PLANS TWO FURTHER OWN-BRAND HOTELS.THOMAS COOK- THOMAS COOK CHINA PLANS FOR FURTHER GROWTH IN OWN-BRAND HOTEL IN CHINA WITH ADDITIONAL TWO PROJECTS, INCLUDING FIRST ASIAN CASA COOK.  Full Article

Thomas Cook To Open 20 New Own-Brand Hotels By End Of 2019
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Thomas Cook Group plc ::THOMAS COOK GROUP PLC - CONFIRMED OPENING OF 20 OWN-BRAND HOTELS BETWEEN NOW AND END OF 2019 INCLUDING SIX IN SPAIN, FOUR IN GREECE, THREE IN TURKEY.THOMAS COOK- FURTHER OPENINGS ARE SET TO BE CONFIRMED WITHIN THE COMING MONTHS WHICH WILL TAKE CO’S PORTFOLIO TO 200 HOTELS WITH AROUND 40,000 ROOMS.THOMAS COOK GROUP PLC - HAS ALSO REMOVED A FURTHER NINE HOTELS THAT DID NOT MEET BRAND QUALITY STANDARDS.  Full Article

The Capital Group Companies Discloses 5.244 Pct Stake In Thomas Cook
Friday, 14 Sep 2018 

Sept 14 (Reuters) - Thomas Cook Group plc ::THE CAPITAL GROUP COMPANIES INC DISCLOSES 5.244 PERCENT STAKE IN THOMAS COOK GROUP - FILING.  Full Article

Thomas Cook Group Launches £150 Mln Hotel Fund
Wednesday, 7 Mar 2018 

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 

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 

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

UPDATE 2-Oil heavyweights, exporters guide FTSE 100 close to 7-month high

* Thomas Cook jumps on M&A speculation (Adds company news item, updates to closing prices)