Thomas Cook cuts profit forecast again due to weak British market

A woman looks at holidays for sale in a Thomas Cook travel agent window in Bristol, England.
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A woman looks at holidays for sale in a Thomas Cook travel agent window in Bristol, England.

British holiday company Thomas Cook cut its forecast for full-year underlying operating profit on Tuesday, the second downgrade in two months, and suspended its dividend due to a particularly weak home market.

The company said it now expected to report a figure of 250 million pounds ($320 million), down 58 million pounds on the previous year and below the target of 280 million pounds it set in September.