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Thomas Cooked

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Thomas Cooked

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UK tour operator Thomas Cook plc crashed by 65% today after news the struggling group, Europe’s second-largest travel firm, had gone to the banks for fresh credit. The company says it is to tide it over a slacker-than-expected Christmas holiday period. The over 150 year-old firm, the world’s first travel agent, became a German company in 2001. It had already seen its shares tumble by 80% this year.