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Germany to offer 380 mln euro bridging loan to Condor

Tue, 24th Sep 2019 20:07

BERLIN, Sept 24 (Reuters) - Germany has decided to guarantee
a bridging loan of 380 million euros to Condor, the German
airline owned by insolvent British travel operator Thomas Cook,
Economy Minister Peter Altmaier said on Tuesday.

"Condor is a profitable company and therefore our decision
was based on economic factors, not on political criteria," said
Altmaier, adding the decision meant that many of the roughly
5,000 workers would be able to keep their jobs.

Altmaier added that the state of Hesse, where Condor is
based, would participate in the financial aid, as previously
reported by Reuters.
(Reporting by Madeline Chambers
Editing by Chris Reese)

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28 Nov 2016 09:23

Thomas Cook to raise €300m in bond issue to institutional investors

(ShareCast News) - Thomas Cook has announced plans to raise at least €300m from the issue of guaranteed senior unsecured fixed rate notes due 2022 to institutional investors. The offering is expected to close on or about 8 December and the travel company said it will use the proceeds to redeem its o

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24 Nov 2016 08:38

Barclays upgrades Thomas Cook, says may have reached inflection point

(ShareCast News) - Barclays upgraded Thomas Cook to 'overweight' from 'equalweight' and upped the price target to 90p from 75p following the company's full-year results on Wednesday. It said the absence of any earnings per share downgrades, the re-introduction of the dividend and proactive actions t

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23 Nov 2016 17:10

Britain's FTSE ends little changed, housebuilders skid

* FTSE 100 ends flat * Estate agents slump on fee clampdown plans * Housebuilders, utilities choppy after Autumn Statement * Thomas Cook rises to highest since May (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl

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23 Nov 2016 16:00

Britain's FTSE hit by commodity reversal

* FTSE 100 down 0.4 pct * Estate agents slump on fee clampdown plans * Housebuilders, utilities choppy after Autumn Statement * Thomas Cook rises to highest since May (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cp

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23 Nov 2016 11:56

LONDON MARKET MIDDAY: Estate Agents Sold Ahead Of UK Autumn Statement

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23 Nov 2016 10:34

Britain's FTSE buoyed by utilities before budget update

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE 100 up up 0.5 percent * United Utilities rises after results * Estate agents slump on fee clampdown plans * Thomas C

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23 Nov 2016 10:28

Thomas Cook says could consider role in German airline consolidation in future

LONDON, Nov 23 (Reuters) - British holiday company Thomas Cook said it was not currently planning to take part in the consolidation of the German airline market but would not rule out being involved in future. Thomas Cook's bigger rival TUI said in October it was in talks to merge its Germa

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23 Nov 2016 10:25

UPDATE 2-Thomas Cook sees growth next year, shares hit 6-month high

* FY operating profit 308 mln stg vs 310 mln stg last yr * Recommends paying dividend of 0.5 pence per share * Shares up 9 pct (Adds share price, analyst comment) By Sarah Young LONDON, Nov 23 (Reuters) - Shares in Thomas Cook rose 9 percent on Tuesday after it said it

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23 Nov 2016 08:22

LONDON BRIEFING: Thomas Cook Reinstates Dividend Despite Tough Year

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23 Nov 2016 07:38

Thomas Cook FY profit hit by terror attacks but EBIT beats estimates

(ShareCast News) - Thomas Cook reported a drop in profit and revenue for the year to the end of September as the travel company took a hit from a series of terror attacks, but the group's underlying profit from operations came in ahead of expectations. Pre-tax profit in the period fell to £42m from

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23 Nov 2016 07:13

Thomas Cook FY profit broadly flat after Turkey issues weigh

LONDON, Nov 23 (Reuters) - British travel company Thomas Cook posted broadly flat annual profit after its attempt to grow was hampered by customers turning their backs on holidays to Turkey, and said it was encouraged by future demand for trips abroad. The company reported operating profit

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22 Nov 2016 16:44

Wednesday preview: Autumn Statement ahead

(ShareCast News) - All eyes would be on Chancellor Philip Hammond when he delivered the Autumn Statement on Wednesday despite a significant increase in the news-flow on both the economic and corporate fronts. Ahead of his presentation to Parliament, Samuel Tombs, chief UK economist at Pantheon Macro

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12 Oct 2016 06:09

Credit Suisse equity strategists see pound falling further vs euro

LONDON, Oct 12 (Reuters) - Credit Suisse equity strategists said on Wednesday they expected sterling, which has been hit by concerns over Brexit, to fall further against the euro , and tipped buying UK stocks with earnings in Europe. "The house view is GBPEUR 1.16 in 12 months' time. Howeve

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7 Oct 2016 08:35

Q&A-Pound plunges, stocks up, economy flat: What do Brexit swings mean for you?

By Guy Faulconbridge, Jamie McGeever and David Milliken LONDON, Oct 7 (Reuters) - Sterling has tumbled to a 31-year low, but British stocks are near a record high and, contrary to many expert forecasts, the shock of Brexit has not yet pushed the British economy off a cliff. So what gi

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5 Oct 2016 16:07

Q&A-Pound down, stocks up, economy flat: What do Brexit swings mean for you?

By Guy Faulconbridge, Jamie McGeever and David Milliken LONDON, Oct 5 (Reuters) - Sterling has tumbled to a 31-year low, but British stocks are near a record high and, contrary to many expert forecasts, the shock of Brexit has not pushed the British economy off a cliff. So what gives?

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