Future brighter for Thomas Cook as debt prices rise

Debt prices in beleaguered tour operator Thomas Cook have started to increase following a series of changes in recent weeks, including the resignations of three non-executive directors.

In mid-December, when the future of Thomas Cook seemed bleak, investors could snap up debt for around 37p in the pound. This is now roughly 48p, still a dire number, but enough of an improvement to suggest that some faith has been restored in the group's potential fortunes.

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