Thomas Cook’s grounded planes are likely to disappoint creditors waiting to get some of their money back after liquidators sorting through the company’s wreckage sell them off.
Shares in cash-strapped travel firm Thomas Cook jumped after Lufthansa confirmed it has made a bid for Condor, the UK Group's German airline arm.
Shares and bonds in Thomas Cook have rallied since a media report said the British travel company was approached by several parties about a possible takeover of its tour-operating unit or the entire business.
Embattled retailer New Look has agreed a restructuring plan with creditors that will see it shut 60 British stores, resulting in the loss of up to 980 jobs.
Fashion chain Jaeger has collapsed into administration.
General Motors, which turned the concept of a “car for every purse and purpose” into a global icon, will file for bankruptcy protection today, US government sources said.
5 minutes ago
4 minutes ago
28 minutes ago
30 minutes ago
Sunday, September 20, 2020 - 9:00 PM
Sunday, September 20, 2020 - 5:00 PM
Sunday, September 20, 2020 - 7:00 PM