Thomas Cook’s recovery has moved up another gear as it announced a rise in full-year operating profit.
Earnings before income and taxes (Ebit) jumped 315% to £54 million while revenue fell 7.8% to £8.6 billion, which Cook said was down to a number of business disposals.
The results were accompanied by the shock announcement that chief executive Harriet Green has left the business with immediate effect and will be replaced by Peter Fankhauser.
