Thomas Cook's plan: More disposals and consolidating confusing array of brands
Robert Wall
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Thomas Cook Group Plc, the U.K. tour operator, plans to raise as much as 150 million pounds ($224 million) from disposals and may expand ties with low-cost carrier EasyJet Plc to gain airliner capacity.
Another 50 million pounds have been added to a savings plan to bring profit improvement to 350 million pounds, Chief Executive Officer Harriet Green said on a call today. “We expect more to come,” she said. The stock gained as much as 19 percent in London trading, the most in more than a month.
Thomas Cook is midway through a three-year turnaround and last week said it began a 90-day consultation period to cut 2,5
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