Tour operator, Thomas Cook, has announced a £425 million fundraising with shareholders in a bid to cut debt.
The firm, based in Peterborough, has also revealed details of a £1.6billion refinancing plan. The news comes at a time when trade is "encouraging" and the travel agent say they have seen a 10% reduction in the number of holidays left to sell compared with last year.
Under new chief executive Harriet Green, Thomas Cook also said it cut losses to £275.6 million for the seasonally quieter half year to March 31.
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Outbreaks of rain first thing in the east will ease through the morning, but remaining largely cloudy throughout the rest of the day.
Another cloudy day with outbreaks rain or drizzle and mist in the morning. Some heavier bursts of rain possible at first.
Another cloudy day ahead with outbreaks rain or drizzle and mist in the morning.