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Friday newspaper share tips: Thomas Cook, Kier Group

Fri, 23rd Sep 2016 10:55

(ShareCast News) - Thomas Cook will likely come through its current troubles the same as it has on other occassions when througout the past 175 years when it has found itself in a pinch, The Daily Telegraph's Questor column said.The company's finances are being buffeted by fear among travellers following recent terrorist attacks across Europe, political troubles in Turkey - one of its main markets - the strength in the pound after the UK's decision to leave the European Union.Indeed, some analysts have voiced concerns that a cash call might be necessary at some point.Offsetting those concerns, the travel operator recently launched a joint-venture with China's Fosun to offer holidays in various geographies, including within China.Spain and the US are also performing well as travellers seek out "safer" destinations, the tipster said.Hence, as long as the company reports strong expectations for bookings this winter then the share price is likely to continue its recovery after the thrashing it took in the wake of Brexit.'Hold', Questor said. Kier Group is set to continue its promising summer activity on the back of increased infrastructure spending, according to the Tempus column in The Times.The construction firm had been tipped to fall in the aftermath of the Brexit referendum vote, as many predicted that building would grind to a halt.However, Kier have reported that there has been a minimal impact on business so far, with the share price gaining 9p to £12.89 on the back of its full-year figures.Martin Waller from Tempus does not see too many negatives from the company's perspective."By almost all measures, Kier is progressing well, getting the benefits from the purchase of Mouchel last year," he said. "The order book stands at £8.7bn, more than half its housing stock is sold forward, while services, now more than half the group after Mouchel, has pushed margins ahead of the 5% mark."Investors may be tempted to cash in on the group's performance thus far, but Tempus maintains the best is yet to come for Kier.Strong cash generation and lower-than-expected debt figures cover small areas of weakness caused by the diverse range of the company, and "ambitious targets of double-digit profit growth for the years to 2020 look assured."Tempus tips BUY on Kier Group.
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23 Sep 2019 06:52

UPDATE 1-UK PM Johnson questions whether Thomas Cook bosses "properly incentivised"

(Fixes typo in quote in paragraph 7)NEW YORK, Sept 23 (Reuters) - British Prime Minister Boris Johnson on Monday questioned whether the directors of companies such as collapsed travel company Thomas Cook were properly incentivised to avoid bankrup...

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23 Sep 2019 06:00

UK PM Johnson questions whether Thomas Cook bosses "properly incentivised"

NEW YORK, Sept 23 (Reuters) - British Prime Minister Boris Johnson on Monday questioned whether the directors of companies such as collapsed travel company Thomas Cook were properly incentivised to avoid bankruptcy.Thomas Cook, the world's oldest ...

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23 Sep 2019 02:34

TEXT-Thomas Cook CEO on liquidation: "I apologise"

LONDON, Sept 23 (Reuters) - Peter Fankhauser, the chief executive of Thomas Cook, apologised on Monday for the liquidation of the world's oldest travel company.Following are his comments in a statement:“We have worked exhaustively in the past few d...

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23 Sep 2019 02:17

Britain's Thomas Cook enters compulsory liquidation

LONDON, Sept 23 (Reuters) - Britain's Thomas Cook said on Monday it had entered compulsory liquidation.The company said it made an application to enter liquidation and that an order had been granted to appoint an official receiver to liquidate the...

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23 Sep 2019 02:14

UPDATE 2-British travel firm Thomas Cook collapses, stranding hundreds of thousands

* Thomas Cook enters compulsory liquidation* Hundreds of thousands stranded* UK government to fly home UK travellers* CEO: I apologise (Adds background, reaction)By Kate HoltonLONDON, Sept 23 (Reuters) - Thomas Cook, the world's oldest travel firm,...

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23 Sep 2019 02:14

UPDATE 1-British travel firm Thomas Cook collapses, stranding hundreds of thousands

(Adds quote, details)LONDON, Sept 23 (Reuters) - Thomas Cook, the world's oldest travel firm, collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British ...

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23 Sep 2019 02:04

British travel firm Thomas Cook collapses

LONDON, Sept 23 (Reuters) - Thomas Cook, the world's oldest travel firm, collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.The firm runs...

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22 Sep 2019 19:53

UPDATE 1-Thomas Cook customers say hotel in Tunisia stopped them leaving

(Adds Thomas Cook tweet)TUNIS, Sept 22 (Reuters) - British tourists in Tunisia said their hotel stopped them leaving for several hours on Saturday night over concerns about payment by their holiday operator Thomas Cook, though the Tunisian governm...

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22 Sep 2019 15:45

Thomas Cook customers say Tunisia hotel stopped them leaving

TUNIS, Sept 22 (Reuters) - British tourists in Tunisia said their hotel stopped them leaving for several hours on Saturday night over concerns about payment by their holiday operator Thomas Cook, though the Tunisian government said the incident w...

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22 Sep 2019 13:51

UPDATE 4-Travel group Thomas Cook battles for survival ahead of Monday deadline

* Bosses meeting creditors, lenders to agree its future* Board meeting being held on Sunday evening* Company could go into administration early Monday (Adds details)By Kate HoltonLONDON, Sept 22 (Reuters) - The British government has plans in place...

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22 Sep 2019 13:51

UPDATE 4-Travel group Thomas Cook battles for survival ahead of Monday deadline

* Bosses meeting creditors, lenders to agree its future* Board meeting being held on Sunday evening* Company could go into administration early Monday (Adds details)By Kate HoltonLONDON, Sept 22 (Reuters) - The British government has plans in place...

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22 Sep 2019 13:51

UPDATE 3-Travel group Thomas Cook battles for survival ahead of Monday deadline

* Bosses meeting creditors, lenders to agree its future* Company could go into administration early Monday (Adds airline details)By Kate HoltonLONDON, Sept 22 (Reuters) - The British government has plans in place to bring home stranded holidaymaker...

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22 Sep 2019 13:51

UPDATE 2-Travel group Thomas Cook battles for survival ahead of Monday deadline

* Bosses meeting creditors, lenders to agree its future* Company could go into administration early Monday (Adds timing details, talks progress)By Kate HoltonLONDON, Sept 22 (Reuters) - The British government has plans in place to bring home strand...

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22 Sep 2019 13:51

UPDATE 1-Travel group Thomas Cook battles for survival with final creditor meeting

* Bosses meeting creditors, lenders to agree its future* Company could go into administration early Monday (Adds Condor statement, Raab details)By Kate HoltonLONDON, Sept 22 (Reuters) - The British government has plans in place to bring home strand...

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22 Sep 2019 10:37

Travel group Thomas Cook battles for survival with final creditor meeting

* Bosses meeting creditors, lenders to agree its future* Company could go into administration early MondayBy Kate HoltonLONDON, Sept 22 (Reuters) - Bosses at Britain's Thomas Cook were meeting lenders and creditors on Sunday to decide whether the w...

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