logo
Plus   Neg
Share
Email
Comment

Thomas Cook Confirms Advanced Talks With Banking Group On Financing -Quick Facts

Thomas Cook Group plc (TCG.L,TCKGY.PK) confirmed that it is in advanced discussions with its banking group about extending its financing arrangements. These talks are part of the result of the strategic review the Group has undertaken since agreeing terms of a new facility in November 2011.

Further to the revised financing arrangements, the earlier announced asset disposal programme and the sale of Thomas Cook India, the Group is exploring a possible sale and leaseback of certain aircraft. The Group expects to report in detail on the results of that review by the time of the interim results.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
BlackBerry Ltd. has introduced a new a cloud-based cybersecurity program that will scan automakers' software for threats amid increased concerns about hacking in Internet-connected cars. BlackBerry Jarvis, the transformational software cybersecurity product, helps carmakers detect security flaws in software before it goes into their vehicles. General Motors Co. said it plans to mass-produce self driving cars that will have no steering wheel, pedals or manual controls by 2019. The automaker has filed a safety petition with the Department of Transportation for its fourth-generation self-driving Cruise AV, its first production-ready vehicle built from the start to operate safely on its own. Wells Fargo & Co. on Friday reported an 18 percent increase in profit for the fourth quarter from last year, reflecting a net benefit from the recent U.S. tax reform and a gain on sale of Wells Fargo Insurance Services, in addition to higher revenues. Earnings per share for the quarter beat analysts' expectations, while revenues missed their estimates.
comments powered by Disqus
Follow RTT