FTSE LIVE: Thomas Cook collapses; Mike Ashley reveals bid for troubled firm Goals; Big week for the pound as Government awaits court ruling
- 21,000 people lost their jobs today after tour operator Thomas Cook collapsed
- Mike Ashley’s Sports Direct made a takeover offer for Goals earlier this month
- The pound is in the red on Monday morning as the PM heads for Brexit talks
The world’s oldest travel firm, Thomas Cook, has slumped into administration, leaving 150,000 UK holidaymakers stranded overseas and 21,000 people suddenly out of work.
The full impact of the collapse is not yet known, but a huge and costly mission to retrieve all those stranded is underway.
Meanwhile, Mike Ashley’s Sports Direct revealed it made a takeover offer for struggling five-a-side football pitch firm Goals earlier this month, but said Goals has not yet allowed it to look through the books.
It’s likely to be another big week for the pound as Prime Minister Boris Johnson heads into more Brexit talks, and awaits the ruling from the Supreme Court on whether he acted legally in proroguing Parliament.
The pound is in the red on Monday morning as PM heads for Brexit talks and awaits court ruling