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20 Sep 2019 07:43

UPDATE 5-Britain's Thomas Cook scrambles for $250 mln to avert collapse

(Refiles to fix typo in first paragraph)* Firm hit with demand from lenders for underwritten funds* Fosun and banks working on recapitalisation plan* Oldest travel company has 600,000 customers currently on holiday* Government bill for collapse coul...

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20 Sep 2019 07:43

UPDATE 4-Britain's Thomas Cook scrambles for $250 mln to avert collapse

* Firm hit with demand from lenders for underwritten funds* Firm seeking to recapitalise with Fosun and banks* Oldest travel company has 600,000 customers on holidays (Adds graphics)By Alistair SmoutLONDON, Sept 20 (Reuters) - Britain's Thomas Cook ...

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20 Sep 2019 07:43

UPDATE 3-Britain's Thomas Cook scrambles for $250 mln to avert collapse

* Firm hit with demand from lenders for underwritten funds* Firm seeking to recapitalise with Fosun and banks* Oldest travel company has 600,000 customers on holidays (Adds detail, background)By Alistair SmoutLONDON, Sept 20 (Reuters) - Britain's Th...

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20 Sep 2019 07:43

UPDATE 2-Britain's Thomas Cook scrambles for $250 mln to avert collapse

* Firm hit with demand from lenders for underwritten funds* Firm seeking to recapitalise with Fosun and banks* Oldest travel company has 600,000 customers on holidays (Adds background, share price)By Alistair SmoutLONDON, Sept 20 (Reuters) - Britain...

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20 Sep 2019 07:43

UPDATE 1-UK's Thomas Cook hunts for $250 mln to fend off collapse

(Adds background, details)LONDON, Sept 20 (Reuters) - Britain's Thomas Cook said its banks had ordered the company to find an additional 200 million pounds ($251 million) of funding in order to guarantee the survival of the world's oldest holiday ...

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20 Sep 2019 07:15

Thomas Cook confirms lenders' request for extra 200 mln stg in rescue deal

LONDON, Sept 20 (Reuters) - British travel firm Thomas Cook on Friday said an extra 200 million pounds ($251.48 million) had been requested by stakeholders in talks to finalise the restructuring plan to save the company.The world's oldest holiday ...

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20 Sep 2019 06:58

LIVE MARKETS-On our radar: supermarkets and airlines

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: josephine.mason.thomsonreuters.co...

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19 Sep 2019 19:29

UPDATE 1-Thomas Cook hit with extra funding demand, threatening rescue

(Recasts with new funding demand)LONDON, Sept 19 (Reuters) - A rescue deal for Thomas Cook was facing fresh uncertainty on Thursday after the travel firm was hit with a demand for extra funds and a panel of bankers delayed a decision that might ha...

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19 Sep 2019 13:30

UK panel delays ruling on Thomas Cook payout under bankruptcy

LONDON, Sept 19 (Reuters) - A panel of bankers will not make a decision on whether some investors in Thomas Cook's credit are due a payout under bankruptcy rules until at least Monday, it said on Thursday.Following Thomas Cook's filing for Chapter...

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18 Sep 2019 18:39

UPDATE 1-Panel to rule on credit dispute key to Thomas Cook's future

(Adds details of bond and share prices, background)LONDON, Sept 18 (Reuters) - A panel of bankers will rule on Thursday whether some investors in Thomas Cook's credit are due a payout under bankruptcy rules, a decision that could smooth a rescue o...

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18 Sep 2019 15:45

Thomas Cook restructuring plan overshadowed by CDS dispute

LONDON, Sept 18 (Reuters) - The fate of travel firm Thomas Cook could be shaped by a technicality: that a panel of bankers declare it has committed a default before it can be saved, in order to satisfy credit investors who had bet on its demise.T...

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17 Sep 2019 13:14

Thomas Cook files for chapter 15 protection in US, says Bloomberg

(Sharecast News) - Thomas Cook Group has sought to ensure its bonds are protected from US creditors by filing for Chapter 15 court protection, according to a Bloomberg report on Tuesday.

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16 Sep 2019 16:05

Thomas Cook shares sink amid speculation over imminent collapse

(Sharecast News) - Embattled tour operator Thomas Cook was under the cosh on Monday amid speculation that it's on the verge of collapse.

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28 Aug 2019 16:50

LONDON MARKET CLOSE: FTSE Outperforms As UK PM Prorogues Parliament

(Alliance News) - London's FTSE 100 powered ahead of its European counterparts on Wednesday after the pound fell following news UK parliament will be suspended."The UK decision to

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28 Aug 2019 12:01

LONDON MARKET MIDDAY: Pound Falls As UK PM Moves To Suspend Parliament

(Alliance News) - The FTSE 100 reversed some early losses on Wednesday after the pound dropped on news the UK government is planning to suspend parliament, a move which could prevent MPs from a up

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