Wednesday, November 23, 2011

Thomas Cook is getting hammer...



Thomas Cook has been in operations for more than 170 years and as a kid I recall my parents using them as their only trusted travel agency is an additional £100m in bank credit, just 32 days after the company announced it had arranged a £100m credit agreement with its backers.
Europe's second-largest tour operator said trading had "deteriorated" following unrest in Tunisia and Egypt and floods in Thailand.
The future of the travel giant was questioned  after a panicked day of trading saw £270m wiped off the value of the 170 year-old company, with shares down 75.2pc in just 24 hours.

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