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Thomas Cook announces loss in annual revenue

The UK's second-biggest travel firm Thomas Cook saw its share price slide more than 3% today after it revealed its turnaround plan had pushed it to a wider full-year loss.

The UK's second-biggest travel firm Thomas Cook saw its share price slide more than 3% today after it revealed its turnaround plan had pushed it to a wider full-year loss.

The tour operator saw its shares slide 0.9p to 23.1p after it revealed a £590 million bottom line pre-tax loss for the year to September 30, compared to a £518 million loss last year.

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