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[$$] The London Report: Thomas Cook stocks reach sunnier climes

Bryce Elder

The package holiday operator had halved over the previous six sessions on fears that it may be forced to launch an emergency rights issue. Analysts at Numis and Jefferies also concluded that Thomas Cook had enough liquidity to trade through the winter season. Jefferies, repeating “buy” advice, said Thomas Cook’s debt covenants had plenty of flexibility to cover the first half of 2019 and a sale of its airline stake had the potential to raise around £1.1bn.