Thomas Cook plans Chinese tie-up as it moves in to emerging markets


first_img KCS-content Sunday 28 November 2010 9:13 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com TOUR operator Thomas Cook is hoping to forge a tie-up with a Chinese travel company to expand into tiger economies.The holiday group is understood to want to move into the Chinese market by 2012 as part of its drive to cash in on growth in emerging markets.The company last week announced a deal to buy just over half of Russian travel agent VAO Intourist to help it expand in Russia and other former Soviet republics.It is also present in India after buying back a business in the country in 2008 that it sold to the Dubai Financial Group a couple of years beforehand.Chief executive Manny Fontenla-Novoa said: “The move into Russia is in line with our established strategy of capturing growth in emerging markets.”Broker Numis Securities expects Thomas Cook to report annual earnings of £394.4m on Wednesday, down from £414.9m a year ago.The broker said it preferred rival TUI Travel as an investment, citing a disappointing pre-close trading update and worse-than-expected costs.“Subsequently, the company has announced the merger of its high street operations with Co-operative Travel; this deal has not yet had merger clearance.“High levels of ‘exceptional’ costs have been a recurrent feature for the tour operators, resulting in a questionable quality of earnings.“We prefer TUI Travel.” Show Comments ▼ Thomas Cook plans Chinese tie-up as it moves in to emerging markets center_img whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Share Tags: NULLlast_img