Thomas Cook Group plc (TCG.L)
15 Feb 2019
Fri, Feb 15 2019
LONDON Thomas Cook has enlisted Credit Suisse, Morgan Stanley and Bank of America Merrill Lynch to explore the possible sale of its airline business, a source familiar with the discussions said.
LONDON, Feb 15 Thomas Cook has enlisted Credit Suisse, Morgan Stanley and Bank of America Merrill Lynch to explore the possible sale of its airline business, a source familiar with the discussions said.
LONDON Thomas Cook said it was willing to sell its profitable airline business to raise cash to fund its fight back from losses racked up in 2018 and to cope with a tough year ahead, sending the travel group's shares 12 percent higher. | Video
* Possible airline sale soothes credit markets (Adds analyst comments, details on CDS, AGM)
LONDON, Feb 7 Travel group Thomas Cook said on Thursday it was launching a strategic review of its airline business as it bids to recover from a rough year of trading last year.
LONDON, Dec 13 European travel and tourism group TUI Group posted an 11 percent rise in annual earnings, and said next year would generate similar growth, as its higher-margin hotel and cruise businesses help it eclipse smaller rival Thomas Cook.
LONDON, Dec 5 Thomas Cook's shares climbed 45 percent on hopes that it would not need to issue new equity, although its bond prices extended their losses to record lows on Wednesday, amid deepening worries about the UK travel group's debt.
LONDON, Dec 5 Trading volume in Thomas Cook bonds soared on Tuesday as the price of its debt hit record lows, according to data from MarketAxess, amid growing worries about the UK travel operator's debts following a profit warning last week.
LONDON, Dec 5 Thomas Cook Group's 2022 euro-denominated bond prices extended their losses to record lows in early deals on Wednesday after Moody's downgraded the embattled travel operator's credit rating, amid deepening worries about its debt.
LONDON The cost of insuring debt issued by Thomas Cook against default hit a record high and its bonds tumbled on Tuesday, as worries about the travel company's borrowings deepened following its second profit warning in as many months last week.