Thomas Cook shares plunge as travel firm stands on brink - business live
(The Guardian Business News)

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 1.48pm BST The pound was bolstered overnight following comments from European Commission president Jean-Claude Junker, who insisted that we can indeed have a Brexit withdrawal deal and that he wasn´t tied to the backstop. But that sentiment could only buoy the pound, which hit a two-month high of $1.2576, for so long. 12.56pm BST In other airline news, British Airways is offering customers the chance to rebook flights through the airline after a pilots strike scheduled for next week was cancelled. Guardian´s transport correspondent Gwyn Topham has the details: British Airways will operate more than half its normal flight schedule next Friday after a strike by pilots was called off.Although BA had stopped selling tickets for 27 September and started cancelling bookings, it will merge some services and operate more than 400 flights on the day. It is also offering to rebook thousands of cancelled passengers. Related: BA reinstates half of flight schedule after pilots cancel strike Continue reading...