Share price rebounds
The travel industry as a whole would have suffered massively if Thomas Cook had not been granted its loan facility by the banks last week. I had been watching the price of Thomas Cook shares closely and am very pleased that they rose sharply by 34% on Monday morning after HSBC, Barclays and Unicredit agreed to provide a £200 million facility until 30 April 2013 according to the Director of Finance website. Interestingly the group is also going to be undertaking a strategic review.