Shares 

Thomas Cook seeks another £200m of funding

Thomas Cook seeks another £200m of funding

The situation has become ever more dire at Thomas Cook (TCG), as the travel group confirmed speculation that it requires £200m to get through the winter season, in addition to the £900m of funding previously announced. This capital injection will be significantly dilutive to existing shareholders, but the alternative is that the company could face administration.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now