Nov 23, 2016
Thomas Cook profits down in tough year
Thomas Cook's profits have fallen after a tough year for the tourism industry, with trading affected by terror attacks in Europe and political instability in Turkey. The travel company said pre-tax profits fell to £42m from £50m last year. The company's underlying profits fell by £41m to £308m, but the board recommended a dividend payment, of 0.5p a share, for the first time in five years. Its UK market continued to strengthen while it made record profits in northern Europe. Thomas Cook said it was "a cautious approach to the year ahead".
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