Thomas Cook set for last-ditch rescue talks

Thomas Cook planeImage copyrightPA Media

Thomas Cook is to hold crisis talks in a final bid to secure a rescue deal.

The meeting with its biggest shareholder and creditors is understood to be scheduled for Sunday morning at City law firm Slaughter & May.

The tour operator could fall into administration within days unless it finds £200m in extra funds.

It comes as holidaymakers staying at a hotel in Tunisia owed money by Thomas Cook were reportedly prevented from leaving the resort until it was paid.

The government has been urged to step in to bail out the company amid fears its collapse could leave about 150,000 British tourists stranded.