Thomas Cook (LON:TCG) Blames Hot Summer, Issues Profit Warning – Shares Down 25%

Thomas Cook Profit Warning: Shares in Thomas Cook (LON:TCG) declined by almost a quarter this morning after the company issued a pre-close trading update. This perhaps unsurprisingly revealed that the hot UK summer had impacted bookings, margins and hence a reduced target profit for the year. The share price reaction was typically large, with the … Read more