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Thomas Cook Sale of Its Airline Could Be a Brexit Victim

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Thomas Cook Group Plc shares dropped the most in more than two months amid emerging doubts about whether the U.K. tourism company would be able to sell its profitable airline business because of potential hurdles from Britain’s pending exit from the European Union. The stock fell as much as 18 percent, the steepest intraday decline since Dec. 3, and was down 15 percent at 11:56 a.m. in London in the worst performance on the FTSE All-Share Index. That reversed a jump posted Thursday, when Thomas… (skift.com) More...

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spbking
Stuart Fountain 5
1. The EU have stated there will be no travel restrictions after Brexit. The imposition of ESTA type travel was just one of the "scare tactics" used by the losing Remain campaign.
2. Air travel is covered by international agreement not a UK/EU issue. Again scare tactics.
3. Thomas Cook want to concentrate on their hotel business and the airline side of operations is in fact profitable
More market manipulation by Remain
The Remain campaign REFUSE TO ACCEPT THE MAJORITY WHO VOTED TO TAKE THE UK OUT OF THE EU!
yr2012
matt jensen 1
The UK MUST leave!
It's the only way to save themselves from the destruction of the Euro and the EU.
bentwing60
bentwing60 0
If beuroberg isn't part of the swamp, I don't know what is? cnn with a more Effete audience. TM represents the "good" for the country and commoner (white workers) about like the kenyan mudbug across the pond did! The gloves are off.
sstuff
sstuff 3
“Could be,” “potential for,” “Brexit Victim,” “might,” “doubts about,” etc.; all speculation from Bloomberg. Expect more of these type stories as the “hard exit” date approaches.

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