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Tourism to shareholders, who loses and who gains from Thomas Cook's demise?

Ripples are set to hit the tourism sectors in Mediterranean and North African resorts, leave fuel suppliers out of pocket and further hurt British shopping streets

Photo: Bloomberg
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Photo: Bloomberg

Reuters
The world's oldest travel firm Thomas Cook collapsed on Monday, stranding more than half a million holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.

The ripples are set to hit the tourism sectors in Mediterranean and North African resorts, leave fuel suppliers out of pocket and further hurt British shopping streets with the closure of hundreds of travel agents.

Greece: About 50,000 tourists are stranded in Greece, mainly on its islands, Greece's tourism minister said as extra flights were booked to ensure their smooth return home. The tourists, most of them Britons, were vacationing on the

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