Sector movers: TUI and IHG drag down leisure stocks
10th Aug 2010 15:30
Travel and leisure stocks, particularly those related to holidays, are having a poor day. TUI Travel warned profits this year will be at the low end of forecasts after UK bookings faltered. Bookings by Britons are down by 2% over the past 12 weeks with the Netherlands down by 3%. This later booking
Read moreFTSE 250 movers: Connaught rallies
10th Aug 2010 15:28
Shares in Connaught have rallied following recent losses, but the 18% rise in the social housing maintenance group's shares is a drop in the ocean compared with the falls it has been suffering. Shares in Thomas Cook are down in sympathy with its fellow travel group TUI, which has warned profits thi
Read moreLondon afternoon: Buyers take a holiday
10th Aug 2010 14:14
Leading equities moved further into the red over the lunch time session as investors remained concerned about slowing growth in the Chinese economy and signs closer to home that the Budget spending cuts are starting to have an effect on the mood of UK consumers. China's trade surplus hit an 18-mon
Read moreLondon midday: Consumer spending fears sink Footsie
10th Aug 2010 12:02
Concern about consumer spending has pulled the rug from under Footsie after a profit warning from tour operator TUI and weak retail sales figures. TUI Travel warned profits this year will be at the low end of forecasts after UK bookings faltered. Bookings by Britons are down by 2% over the past 12
Read moreLondon open: Poor start for Footsie
10th Aug 2010 08:54
London shares are lower in early dealings as comments from hotel and travel firms suggest consumers are starting to feel the pinch. Worries over the economy have certainly caught up with travel group TUI Travel, which warned profits this year will be at the low end of forecasts after UK bookings fa
Read morePRESS RELEASE: S&P Report Comments On European Leisure Sector
26th Jul 2010 14:19
The following is a press release from Standard & Poor's: LONDON (Standard & Poor's) July 26, 2010--Despite a somewhat muted return to economic growth in Western Europe, rated leisure companies remain predominantly in defensive and deleveraging mode, says a report published by Standard & Poor's Rati
Read moreThomas Cook India 2Q Net Profit Up 74% To INR153.4 Mln
23rd Jul 2010 11:11
NEW DELHI (Dow Jones)--Travel services provider Thomas Cook (India) Ltd. (500413.BY) said Friday its fiscal second quarter consolidated net profit surged 74% to INR153.4 million from INR88.1 million a year earlier. Consolidated revenue in the April-June quarter grew 26% to INR911.4 million from
Read moreCORRECT(07/13):Kuoni CEO Sees 1H Revenue Roughly Level On Year
14th Jul 2010 17:09
("=UPDATE: Kuoni CEO Sees 1H Revenue Roughly Level To Year Ago," published Tuesday at 2143 GMT, misstated the bond size in the 14th paragraph. The error also appeared in "=INTERVIEW: Kuoni Sees 1H '10 Revenue Roughly Level To Year Ago," at 2032 GMT. The correct version follows:) (Adds detail, p
Read moreMARKET TALK: RBS Initiates Coverage Of Thomas Cook At Buy
14th Jul 2010 07:35
0635 GMT [Dow Jones] Royal Bank of Scotland initiates coverage of Thomas Cook Group (TCG.LN) at buy with 270p price target. Says the stock has underperformed significantly this year on concerns over summer trading and future growth prospects. Says: "We believe market concerns about the death of the
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 07:35
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0635 GMT [Dow Jones] Royal Bank of Scotland initiates coverage of Thomas Cook Group (TCG.LN) at buy with 270p price target. S
Read moreUPDATE: Kuoni CEO Sees 1H Revenue Roughly Level To Year Ago
13th Jul 2010 22:43
(Adds detail, plus additional comments from CEO.) By Katharina Bart Of DOW JONES NEWSWIRES ZURICH (Dow Jones)--Kuoni Reisen Holding AG's (KUNN.EB) first-half revenue will be roughly level to last year's 1.76 billion Swiss francs ($1.68 billion) in sales, the Swiss travel operator's chief
Read moreINTERVIEW: Kuoni Sees 1H '10 Revenue Roughly Level To Year Ago
13th Jul 2010 21:32
By Katharina Bart Of DOW JONES NEWSWIRES ZURICH (Dow Jones)--Kuoni Reisen Holding AG's (KUNN.EB) first-half revenue will be roughly level to last year's 1.76 billion Swiss francs ($1.68 billion) in sales, the Swiss travel operator's chief executive told Dow Jones Newswires in an interview T
Read moreThomas Cook CEO: Plans Expanded Winter Offers To Boost Profit
13th Jul 2010 09:00
By Natali Schwab Of DOW JONES NEWSWIRES FRANKFURT (Dow Jones)--Travel company Thomas Cook Group PLC (TCG.LN) is expanding its capacity for the 2010-2011 winter season in a bid to boost profit while growing naturally, Chief Executive Peter Fankhauser said Tuesday. "We want to grow, but n
Read moreTuesday tips round-up: Thomas Cook, Rockhopper, Kier
13th Jul 2010 06:52
Travel group Thomas Cook announced yesterday the €30m purchase of Öger Travel, a family-run German firm that mainly sells package holidays to Turkey, a popular destination for Germans. Thomas Cook is already the second-largest travel group in Germany but is less strong in Turkey. The shares have
Read moreLondon close: BP rally lifts Footsie
12th Jul 2010 16:38
BP was in the driving seat, helping Footsie to good gains as the oil giant's shares rallied on the back of bid talk and hopes that the beginning of the end of the Gulf of Mexico oil leak is in sight. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago
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