Thomas Cook soars after strategy update

Shares in travel agent Thomas Cook Group rose sharply on Wednesday after investors reacted very positively to the company´s strategy update.

Shares in travel agent Thomas Cook Group rose sharply on Wednesday after investors reacted very positively to the companys strategy update.

The firm reported that its business transformation was gaining momentum with a further £50m of cost-out actions having been identified, bringing total profit improvement actions so far to £350m with more to come, it said.

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