UK's On the Beach falls after withdrawing annual profit guidance amid Middle East conflict
12/03/2026 08:21
** Shares of UK's On the Beach OTB.L down 11.29% at 171.2 pence, lowest since December 2024 ** Top loser on London's small caps index .FTSC ** Package holiday provider suspends previously provided FY adjusted profit before tax guidance due to Middle East conflict ** Co reports significant demand slowdown to Turkey, Greece, Cyprus and Egypt ** Co says profitability impacted by the fact that timing of when the conflict will end and the shape of recovery in demand to these destinations is unknown **** Up to Wednesday's close, stock had fallen 15.72%, compared with a 1.06% YTD increase in FTSC (Reporting by Simone Lobo in Bengaluru) ((Simone.Lobo@thomsonreuters.com, +919920570373))