Thomas Cook rescue blown off course

Thomas Cook’s battle to avert collapse has been dealt a blow after lenders asked for an extra £200m injection. A 17-strong banking syndicate led by Royal Bank of Scotland asked for additional underwritten funds despite the 178-year-old company being in the final throes of restructuring led by Chinese conglomerate Fosun.

The request is understood to have angered those at the company with insiders saying RBS is forcing the travel agent towards collapse. The bank has rejected the claims. Business, Page 1