) on Monday as investors pinned hopes on the tour operator’s closure cutting capacity in the saturated European holiday market.
At 0725 GMT, rival tour operator TUI was up as much as 8.4% at its highest since February, easyJet was up 6.1% and Ryanair was 2.6% higher, the three top gainers on the pan European STOXX 600 index.“Thomas Cook’s collapse likely brings bad news for holiday makers and UK/German governments, but takes capacity out and likely will boost shares most exposed to its markets,” said one dealer.
FTSE small-cap listed On the Beach was up 1.6% as hopes it will gain market share offset news the company will book a one-time charge due to the collapse.
The Tory hedge fund boys are laughing all the way to the bank with their $250,000,000 winnings
Another one bites the dust
This Company has been in the shit for at least 10yrs I know of so if the top bosses who have been taking their dividends and bonuses as usual all this time but didn’t give back to save the company then expect the taxpayers to bail them out,Shame on you 😡
Long association around the world
Bad news
who would have guessed that this would happen!
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Source: Reuters - 🏆 2. / 97 Read more »