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Market Report: Thomas Cook collapses as emergency funding talks fail - TUI, Dart and others rally in response

The collapse over the weekend of package holidays firm Thomas Cook (TCG) dominates market talk in early trade on Monday as the 178-year old business falls into liquidation after emergency funding talks broke down. Shares in the business are immediately suspended at the 3.45p level that they closed on Friday, although investors have effectively been treating the equity as worthless for ...

Brexit and debt spark fresh collapse at Thomas Cook as share price hits seven-year low

Travel agents are lining up to blame Brexit for their lacklustre results this year. Troubled tour operator Thomas Cook (TCG) is no exception, yet it has set a new bar for the beleaguered industry after reporting a staggering £1.5bn half year pre-tax loss. By contrast, package holidays peer TUI (TUI) yesterday posted a €287.2m deficit for its typically bleak weak winter half. READ MORE ABOUT ...
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