Thomas Cook Surges 23% as New Turkish Investor Talks Up Prospects
A Thomas Cook travel agent's shop in London.
Photographer: Tolga Akmen/AFP via Getty Images
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Thomas Cook Group Plc shares soared for the third day in a row after the Turkish tourism operator that took an 8.01% stake in the struggling U.K. travel company said it has “more value and potential” than recent predictions suggest.
The shares surged 23% to 8.60 pence at 12:21 p.m. in London. They have increased 92% since investor Neset Kockar disclosed the stake on Wednesday.