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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Profits in the year to September 30 were hurt by the ash cloud that grounded planes across Europe in April.
December 2023 NS&I Premium Bond winners - check now to see what you’ve won
If you hold money in NS&I Premium Bonds, you can check from today (2 December) to see if you have won in the December prize draw. Here’s how to check.
By Vaishali Varu Published
OpenAI – corporate drama unleashed
OpenAI, the firm behind ChatGPT, was in uproar as its boss was booted out, briefly snapped up by Microsoft and then brought back again.
By Dr Matthew Partridge Published