Thomson blames poor sales on millennium apathy
Friday 26 November 1999
Cushioning the blow with news of the pounds 10.6m acquisition of Oy Finnmakt, the second-largest tour operator in Finland, from Finnair, and an invitation for analysts to visit Stockholm at the company's expense, Thomson said: "In line with [our] competitors, [we are] also experiencing very weak demand for the millennium period, which... has been particularly difficult to predict."
The group said it expected margins in the final weeks of this year to be "significantly lower" than usual and that sales for the winter season, excluding departures with a stay over 31 December, were 10 per cent below last year. Analysts said the announcement was "unsurprising but still disappointing".
A Thomson spokesman said consumers would benefit from the millennium hiccup, with some enjoying discounts of up to 50 per cent. A typical Mediterranean holiday over the two-to-three-week period covering 31 December would sell for between pounds 150 and pounds 300 less than its original price of about pounds 600 a person.
Separately yesterday Thomson said that Charles Gurassa, its chief executive designate, will join the group earlier than expected, on 1 December.
Shares in the company yesterday fell 1p to 90p, compared with the group's 170p flotation price less than two years ago.
- 1 2015 General Election: Green party will not appear in TV debate alongside Ukip – says BBC
- 2 Canadian actor punched in face after 'Islamophobia' experiment goes wrong in wake of Ottawa shooting
- 3 Topshop at centre of row over body image as 'shocking' skinny mannequin photo goes viral
- 4 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
- 5 Of course, teenage girls need role models – but not like beauty vlogger Zoella
Pope Francis declares evolution and Big Bang theory are real and God is not 'a magician with a magic wand'
Huge surge in Ukip support after EU funding row, according to new poll
Ukip ‘exploiting grooming scandal’ to secure party’s first police chief
Nigel Farage: 'There’s nothing wrong with white people blacking up'
Muslims, immigration and teenage pregnancy: British people are ignorant about almost everything
Maureen Lipman says 'she can't vote Labour while Ed Miliband is leader'
iJobs Money & Business
£20000 - £23250 Per Annum pro rata: Clearwater People Solutions Ltd: Pro rata ...
£40 - 48k + Benefits: Guru Careers: We are seeking a Marketing Manager to join...
£45,000 - £65,000: Saxton Leigh: Our client is a well-known APAC Corporate and...
£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...