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Fourth director buys shares in beleaguered Thomas Cook

Friday, 19 August 20113 min read

Thomas Cook senior director Roger Burnell has snapped up 50,000 shares in the company just days after other senior management increased their shareholding.

Burnell's purchase of the shares, priced at 44.4p each, leaves him with a total shareholding of 53,692. Just over a year ago, Cook's shares were priced at £1.90 each.

Last week, interim group chief executive Sam Weihagen and group chief financial officer Paul Hollingworth bought 50,000 shares each, priced at 58p, and non-executive chairman Michael Beckett bought 100,000 shares, priced at 49.18p.

Burnell's acquisition follows confirmation earlier this week from the Competition Commission that the proposed merger of Thomas Cook's and the Co-operatives shops can go ahead without any restrictions.

By Linsey McNeill