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Dead and buried. RIP. Shame really nobody listened to me. I wonder how prolific class A drug use is amongst young professionals.
Yes and our money should not be used to bail out private companies
Well boris could just call RBS telling em to back down. We own RBS 63% still.
Even if the government are stupid enough to pour £200 million in to tcg, shareholders will still be diluted out of existence.
There is no good outcome for shareholders
It’s a dire situation, bail them only to burn more cash or let them fail and face a £600m bill, not to mention how many of the 9000 staff in the uk will be claiming benefits the following day it goes into admin
https://www.google.co.uk/amp/s/www.standard.co.uk/news/uk/thomas-cook-news-last-ditch-talks-as-government-urged-to-save-tour-operator-a4242991.html%3famp
The question is what happens next if they are rescued? Burn more cash?!?
There will be hotel and bed and breakfast owners in Devon and Cornwall who will rubbing their hands in glee (in private).
Cheap holidays in Europe are getting more expensive with the fall in the Pound and the likely need to buy medical insurance when travelling to Europe. Throw in a possible no-deal Brexit price shock and short term recession and it is easy to see the value in stay-cations.
It is not sad its job losts p60 Tell that to Thomas cook employees who works just as hard as iag staff.
Interesting article: https://www.theguardian.com/business/2019/sep/21/thomas-cook-holiday-nightmare-big-debts-bad-luck-brink
It's not sad, they got what they deserve by screwing shareholders and staff. PF should have been sacked years ago...
He is to blame for everything.