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Thomas Cook in talks with Fosun Tourism for £750m rescue deal

WorldNews Friday, 12 July 2019
Thomas Cook in talks with Fosun Tourism for £750m rescue dealThomas Cook is in talks on a £750 million bailout that will give its largest investor Fosun Tourism (1992) control of the indebted British group’s package-tour business, in a blow to other shareholders. Thomas Cook shares hit a record low of 7.1 pence today in London, falling by 46 percent in morning trading. Shares in Thomas Cook dropped by more than 30 percent to their lowest level on...
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News video: Thomas Cook: People give their thoughts on rescue deal

Thomas Cook: People give their thoughts on rescue deal 00:40

Thomas Cook is in £750m rescue talks with banks and its largest shareholder, Fosun. People in Islington gave their reaction to the story and their thoughts on where the travel company currently sits within a competitive industry. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn...

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