Possible deal27 Jun 2019 11:50
Realistically, Lufthansa were never going to win the bid anyway so the drop in sp is not justified, it’s simply another excuse for the MMs to wipe out a few more stop losses and scoop up some cheap last minute shares. Why would Thomas Cook be ploughing all of this money into new hotel ventures and relocating staff from London to the Manchester head office if they don’t have a credible deal on the table - it defies all logic. Long and strong for the big pay day. All IMHO.