Investors await Thomas Cook outlook
THE thoughts of travel agent Thomas Cook's new chief executive, as well as the figures from Rolls-Royce, will be among areas of interest for investors this week.
Newly promoted boss Peter Fankhauser will have the chance to set out his plans for the travel giant on Wednesday, when the company posts its first quarterly trading update since the departure of high-profile boss Harriet Green.
Rolls-Royce is set to disclose details of a difficult year in which delayed or cancelled orders forced it to announce 2,600 job losses.
Analysts at Numis expect it to post a £50million quarterly loss, little changed from a year ago, as the group traditionally makes a loss in the winter.
Numis said the period saw tougher trading in continental Europe and the Nordics, but adds the strong pound and a recovering British economy should boost demand from UK holidaymakers booking summer packages.
Meanwhile, Rolls-Royce is set to disclose details of a difficult year in which delayed or cancelled orders forced it to announce 2,600 job losses.
The engines giant will reveal on Friday that it failed to grow profits last year, after a fall in revenues of between 3.5 per cent and 4 per cent.
