The Thomas Cook Group broke into the FTSE 100 yesterday after only issuing shares following the merger of Thomas Cook and MyTravel in June this year.
The group came 96th in the FTSE 100, which features the 100 companies registered on the UK stock exchange with the highest market capitalisation. This sum is worked out by multiplying the number of shares a company has by their value.
The shares were valued at £2.76 each when the market closed on Tuesday and when the list was worked out.
Chief executive Manny Fontenla-Novoa said: “It is fantastic to be promoted to the FTSE 100 after such a busy year for us – a year that saw us bring together the Thomas Cook and MyTravel businesses.
“This will be the first time in the company’s 166-year history that Thomas Cook has been in the FTSE and we are all very proud of this achievement – it is also a true reflection of the contribution that all our staff have made this year in delivering a very strong performance.”
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