Travel operator Thomas Cook said it had agreed the main terms of a rescue package that will see Hong Kong’s Fosun Tourism take over its tour operations and creditor banks and bondholders acquire its airline.

Shares in cash-strapped travel firm Thomas Cook have plunged more than 40% after it confirmed talks with its largest shareholder over a deal which would effectively hand over control of the company.

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.

Holiday and airline group Thomas Cook’s shares climbed up to 45% on hopes that it would not need to issue new equity, although its bond prices extended their losses to record lows, amid deepening worries about the UK travel group’s debt.

The most significant football event of the year may have been a meeting in Shanghai last week.

Holiday firm Thomas Cook has said that booking volumes and prices for the coming winter were ahead of last year, sending its shares to their highest in nearly two months.

Under-fire travel firm Thomas Cook said its former chief executive Harriet Green has been awarded a shares bonus worth around £5.7m (€8m) but will donate a third to charity after the deaths of two children in Corfu. 

Holiday firm Thomas Cook has been hit by a quarter of a million fewer holidaymakers travelling to the popular winter sun destination of Egypt.

The closure of tour operator Thomas Cook’s Irish operation is likely to lead to higher prices for holidaymakers.

Travel company Thomas Cook is planning to close its Dublin-based sales office as part of a review of its Irish operations, with the potential loss of 44 jobs.

Holiday giant Thomas Cook said losses more than halved in the first year of its major overhaul today before claiming it was “just the start” of its return to health.

British travel firm Thomas Cook said investors holding almost 30% of its stock voted against its remuneration report yesterday, a sign that shareholder anger over soaring executive earnings has not died down.

Travel firm Thomas Cook said its turnaround plan was on track after sun-seekers boosted summer bookings.

Britons looking to escape to the sun after weeks of miserable weather have lifted holiday bookings at beleaguered travel firm Thomas Cook.

Beleaguered travel firm Thomas Cook racked up £300m (€375m) of losses today after admitting that its brand was hit by its near-collapse last year.

The prospect of a refinancing deal between lenders and ailing Thomas Cook caused a sharp jump in shares of the tour operator today.

Thomson Holidays owner TUI Travel reported improved summer bookings today as it continued to outpace the market and make gains at the expense of struggling rival Thomas Cook.

Struggling tour operator Thomas Cook has reportedly suffered a near 33% slump in summer bookings as its financial woes deter already cash-strapped holidaymakers.

Holidays giant Thomas Cook gave a boost to its flagging share price today by announcing a new short-term loan deal with its banks.

London’s leading shares index fell into the red today after a report from the International Monetary Fund (IMF) warned that time was running out to tackle threats to the economic recovery.

A treat for all senses awaits customers at the Everglades Hotel in Derry with the Sizzle, Sip and Stay Package. There is a package available from £55 up to August 31.

TRAILFINDERS have again linked with Etihad Airways to feature late deals to Malaysia, but interested clients need to be fast — bookings have to be made by tomorrow.

The proposed takeover by holiday giant Thomas Cook of two British travel businesses was referred to UK competition authorities by EU regulators today.

The planned merger of the high street travel businesses of Thomas Cook and the Co-op has been referred to the UK's Office of Fair Trading for investigation, it emerged today.

The proposed merger of the high street travel businesses of Thomas Cook and the Co-op was dealt a blow today after the Office of Fair Trading said the move significantly threatened competition.

SR Technics has signed a contract with Thomas Cook Group to maintain 43 aircraft until 2015.

A GRIEVING father broke down in tears yesterday as he told a Greek court of the moments leading up to the deaths of his children from carbon monoxide poisoning in their holiday apartment.

The London market searched for direction today as financial firms were out of favour amid reports of a windfall tax on banks.

A proposal to end the row between management and staff at Thomas Cook's Dublin operations is due to be put to workers today.

An expectant mother who went into labour while being removed from a protest sit-in at a branch of Thomas Cook gave birth to a baby girl under Garda protection today.

PROTESTING workers staging a sit-in at a Thomas Cook branch vowed last night to continue their action despite a final High Court order to leave.

Protesting workers staging a sit-in at a Thomas Cook branch risked jail tonight by rejecting a final High Court order to leave.

Workers at Thomas Cook are gearing up for a rally at its Grafton St store later this morning as their lock-in protest enters its fourth day.

Protesting workers staging a sit-in at a Thomas Cook branch in Dublin vowed to continue their action for a third day today despite a High Court ruling ordering them to leave.

Workers at the Thomas Cook travel agency are today facing into their third day of a lock-in protest.

Protesting Thomas Cook staff in Dublin have been served with a High Court order asking that they leave the premises, it was revealed tonight.

A sit-in by disgruntled Thomas Cook staff has spread to a second store in Dublin, a union leader said today.

Workers at Thomas Cook in Dublin are vowing to continue their sit-in protest and said they won't leave the store until the company agrees to negotiate a fairer redundancy deal.

Angry Thomas Cook staff staged a sit-in at one of the company’s Irish branches today over redundancy terms following the early closure of the High Street operation in Ireland.

Staff at Thomas Cook in Dublin are refusing to leave its Grafton Street store in protest at the decision to close operations there ahead of schedule.

Thomas Cook staff have been protesting over fears that 77 jobs could go at the company's branches in Dublin.

Fears of a global swine flu pandemic sent travel and airline stocks reeling today as reports of new cases mounted across the globe.

Tour operators TUI Travel and Thomas Cook posted strong trading updates today as the pair showed signs of benefiting from the collapse of rival XL.

UK holiday giants TUI Travel and Thomas Cook were experiencing strong gains today as investors digested the collapse of rival operator XL.