CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

Thomas Cook share price: what’s the outlook after surprise Hi Fly bid?

After issuing its third profit warning in less than a year, Thomas Cook reportedly received a bid from Portugal-based private airline Hi Fly.

Earlier this week, Thomas Cook Group received a surprise bid for its airline unit from Portuguese private carrier Hi Fly, according to a report by the Mail on Sunday.

The offer came at a time when the tour operator desperately needs cash to finance operations after the company was forced to issue its third profit warning in less than 12 months.

Thomas Cook’s airline business garners significant buyer interest

Thomas Cook put its airline business up for sale in February, with the unit receiving a lot of interest from strategic and private equity buyers.

Rival airline carriers including Lufthansa and Virgin Atlantic have reportedly made offers for a portion or the entirety of Thomas Cook’s airline business.

Private equity firms like Indigo Partners, which owns American Frontier Airlines and low-cost carriers including Chile-based JetSmart, Mexico-based Volaris and Europe-based Wizz Air, has also shown an interest in acquiring the unit.

Meanwhile, fellow private equity group Triton Partners has made an offer for the tour operator’s Nordic operations.

Thomas Cook share price slides as pressure mounts

Over the last 12 months, Thomas Cook’s stock has lost more than 87% of its value, with the company’s share price trading at 15p a share, compared to 114p a share this time last year.

Thomas Cook issued another profit warning to investors last month, helping to send its share price to its lowest point in nearly eight years.

After the profit warning, the struggling tour operator managed to secure a £300 million credit facility, giving it greater financial flexibility and investors hope the company can turn things around before it unveils its performance in its upcoming Q3 trading update on July 18.


This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Be ready to act on ECB opportunities

Learn how the ECB’s monetary policy announcements affect interest rates and price stability ahead of its next meeting in 22 April 2021.

  • How might the next meeting affect the markets?
  • What are the key rate decisions to watch?
  • Why is the Governing Council announcement important for traders?

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.