Peterborough-based Thomas Cook slumped to a £590 million loss in its last financial year and is working on plans to slash costs.
As well as shutting stores, the UK's second-biggest travel company has trimmed its airline fleet and sold off hotels after it was forced to turn to its banks for an additional £200 million of loans in 2011.
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A drier, brighter but colder day than Thursday. Sunny spells are likely, although it will turn cloudier in the afternoon.
A generally fine and dry day. Sunny in the morning, with thickening cloud and strengthening winds in the afternoon.
A cold night, with clear spells developing for most. Tomorrow, generally fine and dry with plenty of sunshine, especially in the morning.