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Thomas Cook’s shares plummet again

Operators
Rob Gill
4 December 2018

Tour operator’s shares have fallen by more than one-third this week following the company’s “disappointing” results last week.

Thomas Cook's Nordic division has been sold

The company’s shares fell as low as 19.6p in early trading on the London Stock Exchange on Tuesday (December 4) – down from 30.9p at the start of the week.

Cook has come under attack from “so-called” short-sellers – a type of investor who aims to profit from the fall in the value of a company’s shares.

Last week, Cook was forced to issue its second profit warning in two months just two days before it released its annual results on Thursday (November 29).