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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Further snow showers are expected to continue through the morning, easing somewhat during the afternoon.
Strong, bitterly cold winds, with sunny intervals and scattered snow showers.
Old Market Square in Nottingham was a blaze of orange, green and white as hundreds brave the blizzard-like conditions.