Thomas Cook shows resilience to downturn

              Text: LONDON: Thomas Cook, Europe’s second-biggest travel firm, reported profits ahead of market expectations on Tuesday showing, like rival TUI Travel, its business had so far proved resilient to a looming recession. Shares in the company rose as much as 7 percent as it also said current trading was in line with expectations, supporting confidence in its prospects for 2008/9. Thomas Cook, created last year from the tie-up of Arcandor’s travel unit and Britain’s MyTravel, said underlying pretax profit rose 32 percent in the year to Sept 30 to…

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