Thomas Cook shares collapses on broker warning

Shares in troubled British tour operator Thomas Cook collapsed on Friday after Citigroup reportedly warned in a broker note that the stock was worthless. The company's share price dived 27.26 percent to just 14.26 pence in midday deals on the London stock market. "Thomas Cook shares have plunged again, this time after being on the receiving end of a sell recommendation from Citigroup, with a zero pence target price," said analyst Michael Hewson at traders CMC Markets UK.

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