THE TIPSTER | Thomas Cook hoping to book profits

EMBATTLED shareholders in Thomas Cook will be hoping that the poor weather and the prospect of the London Olympics will have driven more people to book holidays in sunnier climes. The Arab Spring might have moved on from Tunisia and Egypt, but the firm might still see some weak trading, as people stay away from those areas. IG Index’s price on Thomas Cook is 16.2p-16.5p.

BMW is to announce its second quarter earnings tomorrow. The German automobile maker has seen sales climb to pre-2008 levels, partly due to a revised version of its flagship 3 series model. The company is also becoming increasingly less reliant on the European market, as demand for luxury cars from China continues to grow. Spread Co quotes 60.01p-60.11p for BMW.

G4S shares may have found a degree of stability after the pre-Olympic debacle, but images of troops providing event security must be somewhat haunting for investors around the world. With every last penalty clause evidently being activated in the contract, there’s hope that a line can be drawn under the fiasco. But the reputational risk could prove harder to live down. GFT quotes 246.60p-246.80p for G4S.

RBS has so far managed to avoid any negative press coverage surrounding the Libor scandal, which has claimed the scalps of so many Barclays bankers. Capital Spreads quotes a price of 219.0p-219.5p.

Currently in talk with potential buyers interested in its share of the TNK-BP venture, BP will announce earnings tomorrow. Expectations are for a reduction of 20 per cent in second quarter profits on the back of lower crude prices. The Gulf of Mexico tragedy, and the lawsuit settlements arising from it, is still a considerable headwind for any price upside. CMC Markets quotes 443.94p-444.82p for BP.