Thomas Cook Group has been told by its lenders that it has to find an extra £200 million in extra funding to secure its future, putting the tourism operator at risk of collapse if the cash is not found. The cash-strapped operator had hoped that this week it would seal a rescue deal led by Fosun...

Struggling Thomas Cook Group said it has achieved a “substantial agreement” regarding key commercial terms over the recapitalisation of the company, securing the future of the travel firm and the airline arm. As part of the rescue deal, main shareholder Fosun Tourism Group will inject £450 ...