UK's On the Beach tumbles as reinstated profit outlook disappoints

On Beach group

12/05/2026 08:39

BANGALORE, May 12 (Reuters) - ** British package holiday group On the Beach OTB.L plunges 15.8% to 142.8p, lowest since Oct 2024

** Top loser on FTSE All Share .FTAS, which is down 1%

** OTB expects adjusted pretax profit of 18-25 mln pounds for the year ending Sept 30 vs company-compiled poll of analyst estimates of 38.5-42 mln pounds

** Had earlier suspended outlook due to booking slowdown from Iran war impact

** Stock rated "buy" on avg by 7 analysts, one "hold"; median PT 305p - LSEG-compiled data

** YTD, as of last close, OTB down nearly 26% vs .FTAS 9% drop

(Reporting by Amna Mariyam)

((amna.mariyam@thomsonreuters.com))