Thursday 23 May 2013
Thomas Cook's warning it is in danger of collapse if shareholders fail to back two planned disposals wiped 10% from its share price.
The tour operator's warning came as one analyst said the recent poor performance of its shares, which have slumped 90% over the past 18 months, showed the City believes there is a one in three chance of it failing.
Failure to support the fundraising move would jeopardise the firm's recent £1.4bn deal with lenders
A Northern Ireland medical firm has secured its first lucrative business deal in Brazil.
The volume of people turning to their mobile phones to sort out their finances "on the go" is set to surge over this bank holiday weekend, a bank predicts.
THE UK's state-backed banks will not have to tap investors for extra cash as they attempt to shore up their balance sheets in case of future financial shocks.
The German IT firm SAP wants to employ people with autism to give itself a competitive advantage over its rivals.
Public sector borrowing dipped to £6.3bn in April to give the Government breathing space in attempts to slash the deficit.
The UK's manufacturers are still struggling to recover from the economic downturn but remain hopeful about prospects improving soon, figures have shown.
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