THOMSON is unlikely to be a target of a major European tour operator despite the free falling share price, the City has said.
As Travel Weekly went to press, the share press dipped to a low of 76p, prompting renewed speculation of a bid. But analysts said an acquisition was unlikely while Airtours was appealing to the European Commission over its bid for First Choice.
“Any approach would only be referred to the EC,” said one.
Meanwhile, Thomson has appointed John Dunn, previously at Barclays, to the new role of human resources director.