Thomas Cook chairman takes more shares

published 9 February 2011

Thomas Cook's chairman Michael Beckett has splashed out more than £100,000 on shares in the travel company.

He took 55,000 shares at 195.5p a time, taking his stake to 100,000 shares.

Shares in Thomas Cook have fallen since Beckett last took shares, buying 20,000 at 216p a time in May. In an update earlier this month, the company warned that the political turmoil in Egypt and Tunisia will knock £20m from its profits this quarter. A more serious worry is continuing consumer uncertainty, although chief executive Manny Fontenla-Novoa said the company has seen an increase in summer bookings.

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Profits in the year to September 30 were hurt by the ash cloud that grounded planes across Europe in April.

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