Thomas Cook shares plunge as travel firm stands on brink – business live

Thomas Cook shares have hit a record low as the firm races to raise an extra £200m to stave off collapseThomas Cook races to raise extra £200m to secure rescue dealAlison Rose to become first female RBS chief executive 2.50pm BST Shares in budget airlines Ryanair and easyJet are trading higher amid jitters over Thomas Cook’s future: 2.41pm BST Customers worried about their travel plans with Thomas Cook should check whether they booked directly with the firm and if they used a credit card. It could mean they’re protected under the UK’s Consumer Credit Act, if Thomas Cook does run into trouble. Providing the purchase was above £100 — and you used a credit card to book directly with Thomas Cook and not through a third-party booking site — you should be able to get your money back under Section 75 of the Consumer Credit Act.Using a credit card responsibly and not spending beyond your means offers you a bit more protection, which can prove invaluable in situations such as this. The trouble is, many customers aren’t sure what they’re entitled to under Section 75. Continue reading…
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