Thomas Cook bonds, shares tank on £150m recap news

By Aidan Gregory, Karoliina Liimatainen
12 Aug 2019

Thomas Cook's shares and bonds fell on Monday after the company disclosed that it is in talks to raise £150m of capital from its creditors and largest shareholder to keep trading over the winter period.

The former FTSE 100 company traded as low as 845p shortly after the open in London, down 35% from the previous close, giving it a market capitalisation of just £117m after it released the regulatory filing announcing the move. It said it was in advanced discussions with its ...

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