The prospect of a refinancing deal between lenders and Thomas Cook caused a sharp jump in shares of the tour operator yesterday.
The 170-year-old company ended the day up 13.41% at 23.25 pence after confirming it was in advanced discussions with lenders including Royal Bank of Scotland and Barclays over a package expected to extend the maturity of its bank loans to 2015.
Thomas Cook's shares had fallen below 10p at the end of last year.
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