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Thomas Cook Hit Hard in Continental Europe

Thomas Cook TCG has been hit hard in Continental Europe with prices down 3% compared to last year on top of a 9% fall in bookings. Belgium is down significantly following the Brussels terror attacks and Germany is showing a 6% fall compared to 2015. Overall today’s pre close update shows strong demand for most destinations except Turkey which remains volatile. Winter sales are in line with last year despite the work the company claims it has done in trying to improve customer satisfaction.

Next Fifteen.com NFC is raising its interim dividend by 25% to 1.5p per share after revenue rose by 30.3% for the six months to 31st July. Sales in the US were particularly strong with a like for like growth of 17.2% compared to 12.8% overall. Profit before tax was up by 47.2% and EBITDA by 50.6%.

Legal & General LGEN In the three months since 30th June the Retirement Division has written sales of over £1.4 billion compared to £2.9 billion for the whole of 2015.  The Divisions full year sales are expected to be double those of last year.

Card Factory CARD is paying a special dividend of 15p per share and increasing its interim dividend by 12% for the half year to the 30th July. Profit before tax rose by 7.3% and basic earnings per share by 7.1%. Sales growth has been lower than normal, following what the company describes as softer footfall, which presumably means that customers are treading more carefully.

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