Scotsman.com - Business - Feb 06, 2010Arcandor AG (ARO)
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Wyn Ellis
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Numis SecuritiesThe firm, which owns First Choice, was also pleas ADVERTISEMENT ed with early booking patterns for summer, as the hard pressed cling to holiday plans
Thomas Cook, which posts first quarter results on Thursday, also said in November that summer bookings were on track and cheered the City with better than expected profits of £308 million Chief executive Manny Fontenla Novoa said the results were "particularly pleasing" against the backdrop of recession and the swine flu outbreak, which cost it an estimated £8m in the UK The firm, which carries around six million UK holidaymakers a year, expects "continued strong growth" from destinations such as Turkey and Egypt as customers shun euro zone countries due to the weak pound
Numis analyst Wyn Ellis said: "We believe that demand has held up well and that the summer vacation remains a priority consumer purchase
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The firm, which owns First Choice, was also pleas ADVERTISEMENT ed with early booking patterns for summer, as the hard pressed cling to holiday plans <span class="company">Thomas Cook</span>, which posts first quarter results on Thursday, also said in November that summer bookings were on track and cheered the City with better than expected profits of £308 million Chief executive Manny Fontenla Novoa said the results were "particularly pleasing" against the backdrop of recession and the swine flu outbreak, which cost it an estimated £8m in the UK The firm, which carries around six million UK holidaymakers a year, expects "continued strong growth" from destinations such as Turkey and Egypt as customers shun euro zone countries due to the weak pound<span class="sent"> Numis analyst <span class="analyst">Wyn Ellis</span> said: "We believe that demand has held up well and that the summer vacation remains a priority consumer purchase</span>
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