Prime Minister David Cameron has ordered close monitoring of Thomas Cook’s financial position.
Responding to a question in Parliament, Cameron said: “I have obviously asked the Business Department to give me a report on what is happening in terms of Thomas Cook, because I think it is important to make sure this business is in a healthy state.”
His comments came as two of Cook’s banks are reported to have privately indicated that they were likely to support a new funding deal to enable it to trade out of its difficulties, according to The Times.
Shares in Cook, which slumped by 75% after Tuesday’s announcement that it was in talks with its banks over more borrowing, made a minor recovery yesterday, closing 9% higher at 11.12p.
Tui Travel shares rose by 12.7% to 154p amid suggestions that it could benefit if holidaymakers think twice about booking with Thomas Cook.