Equities have started the day in positive fashion and The Trader Dominic Picarda sees further gains to come.
IC TIP UPDATES:
Thomas Cook Group (TCG) has continued with the sale of non-core assets by offloading Gold Medal, a long haul flights, hotels and car hire business to dnata of Dubai for £45m. The company also announced first quarter results which showed a significant turn around in performance, posting a £10m improvement in underlying earnings, resulting in a £56m loss although lower customer demand for winter holidays to Egypt meant a slight reduction in revenues too. We maintain our buy recommendation.