TCG.L - Thomas Cook Group plc

LSE - LSE Delayed price. Currency in GBp
14.52
-0.16 (-1.09%)
As of 2:37PM BST. Market open.
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Previous close14.68
Open14.50
Bid14.51 x 200000
Ask14.61 x 130000
Day's range13.92 - 14.75
52-week range8.40 - 115.70
Volume2,717,262
Avg. volume25,592,164
Market cap222.683M
Beta (3Y monthly)0.54
PE ratio (TTM)N/A
EPS (TTM)-90.20
Earnings dateN/A
Forward dividend & yield0.01 (2.07%)
Ex-dividend date2018-03-08
1y target est49.49
  • Reuters - UK Focusyesterday

    UPDATE 2-Saga shares hit low as over-50 Britons trim tour bookings

    Britain's Saga warned on Wednesday that discounting was taking a heavy toll on its tours business, while an overhaul of its insurance arm has yet to take effect, sending shares in the company catering for the over-50s to a record low. Saga, which is looking to find a new chief executive after Lance Batchelor announced his departure last week, has been trying to shake off its image as only serving "old people" and had begun rebranding after a profit warning in April. Saga's shares, widely held by retail investors since it floated at 185 pence in 2014, have slumped 66% this year.

  • Reuters - UK Focus3 days ago

    UPDATE 1-Virgin Atlantic orders 14 Airbus A330neos, with further six options

    Europe's Airbus has agreed to sell 14 A330neo wide-body passenger jets to Virgin Atlantic in a deal valued at $4.1 billion, the companies announced at the Paris Airshow on Monday, with an option for the airline to order six more. The British airline placed firm orders for the upgraded A330 model, which it had been evaluating against the Boeing 787 Dreamliner. "It happened to be that this one was a fantastic opportunity for Virgin Atlantic to transform its fleet," Weiss told Reuters at the airshow.

  • Lufthansa’s Superstar Pilot Goes from Hero to Zero
    Bloomberg3 days ago

    Lufthansa’s Superstar Pilot Goes from Hero to Zero

    (Bloomberg Opinion) -- If it’s true that all political lives end in failure, then the same could be said for business. Carsten Spohr became Deutsche Lufthansa AG’s chief executive in 2014, made an impressive start, and had his contract extended to the end of 2023. He may regret signing up for that long.The German airline’s shares tumbled 12 percent on Monday after it issued a second profit warning in as many months. It expects to generate as little as 2 billion euros ($2.2 billion) of operating profit in 2019, up to 25% below what was expected by analysts.The stock is now worth less than four times last year’s earnings, a pretty pitiful multiple, and investors who bought the stock when Spohr took over have lost money. Suddenly, a man feted as one of Germany’s most accomplished corporate leaders looks ordinary.How times have changed. Spohr’s response to a 2015 aircraft crash at the Lufthansa offshoot Germanwings was both sensitive and assured. Later on he faced down industrial action to win concessions from staff on pensions. In 2017, Lufthansa’s profit hit a record high and the stock price soared 150%. Spohr was duly named Manager of the Year by Germany’s influential Manager Magazin.Sustaining all of this was always going to be hard in the notoriously unstable airline business. Fuel costs have risen, rivals have added new capacity and air cargo demand has waned, thanks in part to U.S. President Donald Trump’s trade crusades. (It’s worth reading Bloomberg’s William Wilkes on Lufthansa’s litany of problems.)But Spohr can’t just blame external factors. His company has chased growth to the detriment of profitability and it has spent heavily on new jets and integrating older ones from the insolvent Air Berlin. Gross capital expenditure jumped 8% to 3.8 billion euros ($4.3 billion) last year, leaving precious little spare cash.While Lufthansa is still doing fine on long-haul routes, Spohr’s big idea — a budget subsidiary called Eurowings — has been a disaster. The new unit was meant to challenge Ryanair Holdings Plc and EasyJet Plc in Europe, and to serve long-haul holiday destinations, but it lost more than 230 million euros last year. Instead of breaking even in 2019, as was anticipated, it will now remain in the red.Spohr has hit the brakes on Eurowings’s expansion but the company plans to “vigorously defend” its dominant market position in Germany and Austria. Translated, that sounds worryingly like: “Fare war? Bring it on.”Ryanair is pursuing a similar battle of attrition against weaker rivals such as Norwegian Air Shuttle ASA, with the aim of forcing them out of business. But Ryanair’s costs are much lower than those of Eurowings.Of course, Lufthansa can afford a couple of bleak years. At the end of March it had 12 billion euros of net debt, aircraft lease and pension liabilities — or about 2.4 times Ebitda (a measure of earnings). Norwegian’s leverage is miles higher.But when your corporate strategy is all about acquisition (Thomas Cook Group Plc’s German arm could be next on Spohr’s shopping list) and heavy investment, falling profits are doubly alarming. They suggest cash might be misallocated. “We think the sooner the company focuses on value for shareholders and less chasing or defending market share, the better for the shares. We see no hint of that yet,” RBC’s Damian Brewer complained.At an investor event next week, Spohr has a chance to explain how he plans to fly Lufthansa out of this mess. Once seen as a safe steward of Lufthansa’s capital, he’s starting to look a little reckless.To contact the author of this story: Chris Bryant at cbryant32@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Why I think the Thomas Cook share price could go much lower
    Fool.co.uk4 days ago

    Why I think the Thomas Cook share price could go much lower

    Potential suitors could be a threat to shareholder returns at Thomas Cook Group plc (LON: TCG).

  • Thomas Cook is making news. Will I invest in it now?
    Fool.co.uk5 days ago

    Thomas Cook is making news. Will I invest in it now?

    Thomas Cook Group plc's (LON: TCG) share price has started inching up, but I think Saga plc (LON: SAGA) is still a better travel related company to invest in.

  • Thomas Cook Offers a One-Day Holiday in the Sun
    Bloomberg10 days ago

    Thomas Cook Offers a One-Day Holiday in the Sun

    An approach from the Chinese group, which already owns an 18% stake in Thomas Cook, offers some respite for the U.K. company, which has been in a battle to show that it retains much equity value. Things have been fraught for the British company after it warned again on profit last month and acknowledged the uncertainties in a separate plan to sell its airline and access new financing. Under European rules, Fosun wouldn’t be able to buy a majority stake in the airline arm, which explains why it’s interested only in the holiday division.

  • MarketWatch10 days ago

    Europe markets climb as Mexico deal drives trade optimism

    European markets were broadly higher as the U.S.-Mexico deal to avert tariffs fueled optimism around global trade. U.S. President Donald Trump announced Saturday on Twitter that tariffs on Mexico due to come into effect Monday were suspended after the two countries reached an agreement in talks. Mexico will intervene more strongly to prevent migrants from transiting through the country to seek asylum in the U.S.

  • As bidders circle, is the Thomas Cook share price a buy?
    Fool.co.uk10 days ago

    As bidders circle, is the Thomas Cook share price a buy?

    Thomas Cook Group plc (LON:TCG) is attracting plenty of interest, but does this make the stock a good investment? Rupert Hargreaves explores the opportunity.

  • Thomas Cook Surges After Confirming Talks With China's Fosun
    Bloomberg10 days ago

    Thomas Cook Surges After Confirming Talks With China's Fosun

    Hong Kong-listed Fosun, already Thomas Cook’s biggest shareholder with a stake of about 18%, has submitted a preliminary approach and talks are underway, the U.K. company said in a statement on Monday. Shares of Thomas Cook, the world’s oldest travel agency, rose 21% to 19.54 pence as of 8:38 a.m. in London, while its bonds posted their biggest gain on record. The Chinese company jumped 3.8% in Hong Kong on Monday, the biggest gain since March 29.

  • Reuters - UK Focus10 days ago

    UPDATE 2-Trade relief spurs UK stocks, buyout talks lead Thomas Cook higher

    London's main index jumped to a more than one-month high on Monday as a U.S.-Mexico deal to avert proposed tariffs lifted global markets, while tour operator Thomas Cook surged on a potential sale of its main business to its top shareholder. The FTSE 100 gained 0.6% as investors cheered the agreement between the United States and its southern neighbour. Gains were spread largely across the board on the blue-chip bourse, with heavyweight financial stocks, miners and oil shares all boosting the FTSE 100.

  • Reuters - UK Focus10 days ago

    UPDATE 2-FCA-Renault deal hopes, Mexico tariff relief lift European shares

    European shares closed higher on Monday on some trade relief after the United States and Mexico struck a deal to avert tariffs on Mexican goods, while European automakers got a lift from signs Fiat-Chrysler and Renault may revive merger talks. The pan-regional STOXX 600 index finished up 0.2% on broad-based gains albeit in thin trading volumes on account of Whit Monday holidays in Germany, Switzerland, Austria and most Nordic countries.

  • Reuters - UK Focus10 days ago

    UPDATE 2-China's Fosun holds talks to buy Thomas Cook's main holiday business

    The world's oldest travel company Thomas Cook edged closer to a break up on Monday after its biggest shareholder, China's Fosun Tourism, made a preliminary approach for the British group's core holiday operations. The 178-year-old company, battered by fading demand for its package holidays, high debt and a hot 2018 summer in Europe which deterred bookings, is also weighing approaches for its airline business and Nordic operations as it seeks to raise cash. Shares in Thomas Cook rose more than 13 percent to give the company a market valuation of around 280 million pounds ($355 million).

  • Reuters - UK Focus10 days ago

    European shares gain on Mexico tariff relief

    European shares rose on Monday as strong export data out of China and the reaching of a deal between the United States and Mexico provided some relief to markets worried by the impact of President Donald Trump's aggressive trade bargaining. Helping the European auto sector were signs that Fiat Chrysler Automobiles NV and Renault SA were looking for ways to resuscitate their collapsed merger plan and secure the approval of Nissan Motor Co. Shares of tariff-sensitive auto makers and their suppliers rose 0.596% on the news of Trump's retreat on last month's shock threat of a 5% import tariff on all Mexican goods in exchange for moves on immigration.

  • Reuters - UK Focus10 days ago

    LIVE MARKETS-Opening snapshot: trade relief, China data boost Europe

    * STOXX 600 up 0.4%, extending last week's gains * Renault, Fiat rise on hopes carmakers reviving merger * German, Swiss markets shut for holiday June 10 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: josephine.mason.thomsonreuters.com@reuters.net OPENING SNAPSHOT: TRADE RELIEF, CHINA DATA BOOST EUROPE (0726 GMT) Washington's decision to drop its threat to impose tariffs on Mexican imports, averting an escalation of the global trade tensions, and strong Chinese export data are helping European stocks extend last week's gains in early deals. Trade-sensitive stocks like miners, cars and chip makers are leading the gains, but dealmaking is driving most individual moves: Fiat Chrysler is up 2.9% and Renault is 2.1% higher after Reuters reported the two carmakers are looking for ways to resuscitate their collapsed merger plan and secure the approval of the French carmaker's alliance partner Nissan.

  • China's Fosun holds talks to buy Thomas Cook's main holiday business
    Reuters10 days ago

    China's Fosun holds talks to buy Thomas Cook's main holiday business

    The world's oldest travel company Thomas Cook edged closer to a break up on Monday after its biggest shareholder, China's Fosun Tourism, made a preliminary approach for the British group's core holiday operations. The 178-year-old company, battered by fading demand for its package holidays, high debt and a hot 2018 summer in Europe which deterred bookings, is also weighing approaches for its airline business and Nordic operations as it seeks to raise cash. Shares in Thomas Cook rose more than 13 percent to give the company a market valuation of around 280 million pounds ($355 million).

  • Thomas Cook break-up looms as Fosun plots tour operator bid
    Sky News12 days ago

    Thomas Cook break-up looms as Fosun plots tour operator bid

    The Chinese owner of Club Med is in secret talks to buy Thomas Cook's‎ tour operating business, paving the way for the potential break-up of the 178 year-old British travel company. Sky News can exclusively reveal that Fosun Tourism Group - which is listed in Hong Kong and is already ‎Thomas Cook's biggest shareholder with an 18% stake - has indicated in recent days that it is preparing to make an offer for the bulk of the business. Fosun is working with bankers at JP Morgan on an offer for ‎Britain's best-known tour operator.

  • Fosun Tourism in talks to buy Thomas Cook's tour operating business: Sky News
    Reuters12 days ago

    Fosun Tourism in talks to buy Thomas Cook's tour operating business: Sky News

    Thomas Cook, the world's oldest tour operator, has been facing challenges from dwindling demand for its package holidays and high levels of debt, and is also looking to sell its profitable airline business. Sky News said http://bit.ly/2WsUqfI a formal bid from Fosun Tourism for the tour unit was not guaranteed and discussions were at an early stage. It said Fosun is working with bankers at JP Morgan on the potential offer.

  • Bloomberg12 days ago

    Club Med’s Chinese Owner Set to Bid for Thomas Cook Unit, Sky Reports

    Hong Kong-listed Fosun is already Thomas Cook’s biggest shareholder and is working with JPMorgan Chase & Co. on the potential offer. Discussions are at an early stage and it isn’t certain a bid will emerge, Sky said, citing people it didn’t identify. Any deal would exclude Thomas Cook’s airline business, which Fosun would be unable to acquire due to European Union rules.

  • Reuters - UK Focus12 days ago

    UPDATE 1-Fosun Tourism in talks to buy Thomas Cook's tour operating business-Sky News

    Hong Kong-based Fosun Tourism is in talks to buy Thomas Cook's tour operating business, Sky News reported on Saturday, as the British group faces breakup after issuing three profit warnings in the past year. Thomas Cook, the world's oldest tour operator, has been facing challenges from dwindling demand for its package holidays and high levels of debt, and is also looking to sell its profitable airline business. Sky News said http://bit.ly/2WsUqfI a formal bid from Fosun Tourism for the tour unit was not guaranteed and discussions were at an early stage.

  • Reuters - UK Focus15 days ago

    Thomas Cook pushes on with Spanish hotel investment despite profit warnings

    Thomas Cook is investing 40 million euros ($45 million) in Spanish hotels, the troubled travel firm said on Wednesday, pushing ahead with spending plans despite issuing three profit warnings in less than a year. "Spain has long been a favourite with our customers – we are bringing more than four million holidaymakers to the country this year alone," Chief Executive Peter Fankhauser said. The firm said it would refurbish 10 own-brand hotels, and said Casa Cook in Ibiza would open this summer, as it strives to hold on to holidaymakers and attract new customers.

  • Reuters - UK Focus17 days ago

    Portugal's Hi Fly bids for Thomas Cook's airline business -source

    Portuguese private airline Hi Fly has bid for Thomas Cook's airline business, a source familiar with the matter said on Monday, as the tour operator seeks to raise cash following its third profit warning in less than a year. Thomas Cook put its airline up for sale in February, and Lufthansa, Virgin Atlantic and Indigo Partners are among the firms that have bid for part or all of the airline business.

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