Thomas Cook is Europe's second-largest travel firm. It was formed by the merger of UK package holiday rival MyTravel and the Thomas Cook tourism unit of Germany's KarstadtQuelle. Under the terms of the merger, KarstadtQuelle owns 52% of the enlarged group and MyTravel the rest.
Thomas Cook Group Plc Ord Eur0.01 is listed on the London Stock Exchange trading with ticker code TCG.L, and is part of the Tourism and Leisure sector. It has a market capitalisation of £20,949m, with approximately 1,536m shares in issue.
Thomas Cook, officially known as Thomas Cook Group Plc Ord Eur0.01 was formed in February of 2007, making the company twelve years old. The company filed its latest accounts on 30th September 2014, showing a turnover of approximately 8.59 billion GBX with gross profits of 1.87 billion, or 1.2163 per issued share, and a pre-tax profit margin of -1.33%. Thomas Cook currently has 11 directors, and has had 23 previous directors over the last 12 years. In the last set of accounts produced by Pricewaterhousecoopers Llp, the company showed 939.00 million paid in salaries to the 22,672 staff (average wage of 41 thousand), with the directors receiving an average 222 thousand each. In the accounts filed in 2014, the company paid 0 in dividends.
Thomas Cook is in the Tourism and Leisure sector.
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|Shares in Issue||1,536m|
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In a remarkable turnaround, Thomas Cook Group PLC (TCG.LN) has gained the headlines last week by staging a record rise in the value of its shares. Stocks in the travel company rocketed up by almost 11% to 107.7p, its highest increase in a single day’s trading since March and the highest overall increase in the FTSE 250 index on that day (Wednesday 25th November). The stock continued to climb to 117.90p on the close of Friday 27th November. The surge in value of the travel agent was driven by the publication of its annual profits which revealed the group had netted £19 million pounds in after tax profits. It was the first profit recorded by the company in five years and compares especially well with last year’s results, when the group posted a loss of £115m. (Read more)