November 27, 2018 / 7:23 AM / 20 days ago

Thomas Cook cuts profit forecast again due to weak British market

LONDON, Nov 27 (Reuters) - British holiday company Thomas Cook cut its forecast for full-year underlying operating profit on Tuesday, the second downgrade in two months, and suspended its dividend due to a particularly weak home market.

The company said it now expected to report a figure of 250 million pounds ($320 million), down 58 million pounds on the previous year and below the target of 280 million pounds it set in September. ($1 = 0.7823 pounds) (Reporting by Kate Holton, editing by Louise Heavens)

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