The sun shining On the Beach

UPDATE: On The Beach is set to see annual sales jump as the package holiday company looks to cash in on the collapse of rival Thomas Cook. City analysts say the online holiday firm has “positioned themselves to grab market share”.

Shares in the company plunged in August after its profits were hit by the tanking value of the pound but have since recovered as investors have eyed a growth opportunity. Last month, the company said its trading for the full year was in line with expectations.