Thomas Cook Shares Crash
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Thomas Cook has issued three profit warnings in the past 18 months - but news that Europe's second largest travel company was entering renewed talks with its bankers sent its share price into free fall. It's the second time in four weeks the UK based company has held negotiations with its financial backers as it faces the winter low season. Shares plunged almost 75 per cent as Thomas Cook delayed the release of its yearly results until negotiations were complete.