Posts tagged: Thomas Cook

The strange goings-on with Thomas Cook's debt...

Monday, 17 June 2019, 7:34 am

Last week there was a report on Bloomberg that some of the lenders to Thomas Cook had begun offloading the company’s debt amid fears about the company’s financial position.

According to Bloomberg, lenders holding around £300 million of Thomas Cook's debt were contacting potential buyers and brokers about selling some of the debt at half its current market value...

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Is Waggott being lined up as Thomas Cook's new chief executive?

Wednesday, 22 May 2019, 11:32 pm

Thomas Cook is under seige with City brokers, such as Citigroup, speculating the company's shares are worthless.

That has prompted a sharp sell off of the company's shares and bonds, which are now trading at distressed levels.

So, senior bankers have begun to speculate about what the company's tough chairman, Frank Meysman, might do to dig the company out of the hole it finds itself in...

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Is Fosun about to do a Mike Ashley with Thomas Cook?

Tuesday, 23 April 2019, 6:47 pm

The collapse of Debenhams wasn't exactly Mike Ashley's finest hour.

The owner of Newcastle United Football Club lost £150 million on the 29.9pc equity stake he built over several years after being outmanouvered by the credit funds and the company ahead of a financial restructuring.

Now, though, it would appear Fosun - the Chinese conglomerate led by Guo Guangchang, dubbed China's Warren Buffett - is following a similar path to maverick Mike...

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Green around the gills

Friday, 5 August 2016, 2:56 pm

Watching Newsnight last night left me feeling bemused.

The final interview was with Harriet Green, the controversial former boss of Thomas Cook. She has many admirers in the City for being a highly motivated self starter who led the turnaround of the FTSE 250 travel company when it ran into financial difficulty. Green now heads up IBM's 'internet of things' division in the US...

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