{"id":15242,"date":"2019-09-20T09:28:21","date_gmt":"2019-09-20T08:28:21","guid":{"rendered":"http:\/\/www.fiveminutesspare.com\/news\/?p=15242"},"modified":"2019-09-20T09:28:21","modified_gmt":"2019-09-20T08:28:21","slug":"thomas-cook-shares-plunge-as-it-confirms-200m-cash-demand","status":"publish","type":"post","link":"https:\/\/www.fiveminutesspare.com\/news\/thomas-cook-shares-plunge-as-it-confirms-200m-cash-demand\/","title":{"rendered":"Thomas Cook shares plunge as it confirms \u00a3200m cash demand"},"content":{"rendered":"<p><span style=\"color: #000000;\">Shares in Thomas Cook have fallen by 20% on Friday after it issued a statement confirming it needed to find an extra \u00a3200m to help a financial hole.\u00a0<\/span><\/p>\n<div id=\"attachment_15243\" style=\"width: 775px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-15243\" class=\" wp-image-15243\" src=\"http:\/\/www.fiveminutesspare.com\/news\/wp-content\/uploads\/sites\/2\/2019\/09\/shutterstock_600031202.jpg\" alt=\"\" width=\"765\" height=\"497\" srcset=\"https:\/\/www.fiveminutesspare.com\/news\/wp-content\/uploads\/sites\/2\/2019\/09\/shutterstock_600031202.jpg 1000w, https:\/\/www.fiveminutesspare.com\/news\/wp-content\/uploads\/sites\/2\/2019\/09\/shutterstock_600031202-300x195.jpg 300w, https:\/\/www.fiveminutesspare.com\/news\/wp-content\/uploads\/sites\/2\/2019\/09\/shutterstock_600031202-768x499.jpg 768w\" sizes=\"auto, (max-width: 765px) 100vw, 765px\" \/><p id=\"caption-attachment-15243\" class=\"wp-caption-text\">Editorial credit: StudioPortoSabbia \/ Shutterstock.com<\/p><\/div>\n<p><span style=\"color: #000000;\">The travel company could fall into administration this weekend unless they can find \u00a3200m in extra funds needed to secure its future. Banks, including RBS and Lloyds, demand the firm finds the funds in case it needs extra money during the winter months.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">Thomas Cook hoped they would secure a rescue deal from China&#8217;s Fosun this week however, the creditor banks issued a last minute demand for the \u00a3200m funds.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">Thomas Cook have been fired with queries from concerned holiday makers after they heard the company were trying to find funds for their financial gaps.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/twitter.com\/ThomasCookCares?ref_src=twsrc%5Etfw\">@ThomasCookCares<\/a> can you advise on my flight from mco to orlando 15th october due to recent social media reports about collapse of company?very worried<\/span><\/p>\n<p><span style=\"color: #000000;\">\u2014 stephen alderson (@aldersonsteve) <a style=\"color: #000000;\" href=\"https:\/\/twitter.com\/aldersonsteve\/status\/1174779194192146433?ref_src=twsrc%5Etfw\">September 19, 2019<\/a><\/span><\/p><\/blockquote>\n<p><span style=\"color: #000000;\"><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><span style=\"color: #000000;\">Hi Samantha, the financial news is nothing to worry about. It&#8217;s business as usual here and all our flights and holidays are going ahead as planned. ^Adam<\/span><\/p>\n<p><span style=\"color: #000000;\">\u2014 Thomas Cook Cares (@ThomasCookCares) <a style=\"color: #000000;\" href=\"https:\/\/twitter.com\/ThomasCookCares\/status\/1174750079300919296?ref_src=twsrc%5Etfw\">September 19, 2019<\/a><\/span><\/p><\/blockquote>\n<p><span style=\"color: #000000;\"><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">If the company does go into administration it would start an operation to fly home more than 150,000 Britons who are abroad with Thomas Cook holidays.<\/span><\/p>\n<p><span style=\"color: #000000;\">Thomas Cook is one of the world&#8217;s largest travel companies. It was founded in 1841 to operate temperance day trips. It now has annual sales of \u00a39bn. If the rescue deal goes ahead, it would be majority owned by Fosun.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares in Thomas Cook have fallen by 20% on Friday after it issued a statement confirming it needed to find an extra \u00a3200m to help a financial hole.\u00a0 The travel company could fall into administration this weekend unless they can find \u00a3200m in extra funds needed to secure its future. Banks, including RBS and Lloyds,&#8230;<\/p>\n","protected":false},"author":59,"featured_media":15243,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"footnotes":""},"categories":[34],"tags":[1606],"class_list":["post-15242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-thomas-cook"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/15242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/comments?post=15242"}],"version-history":[{"count":1,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/15242\/revisions"}],"predecessor-version":[{"id":15244,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/15242\/revisions\/15244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/media\/15243"}],"wp:attachment":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/media?parent=15242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/categories?post=15242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/tags?post=15242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}