This is the letter the government sent to Thomas Cook, informing the company that it had decided not to support the rescue plan. “Significant precedent risk” is the reason given for rejecting the request for financial help. Hours after the letter was sent Thomas Cook went bust.
Dud audits at BHS, Carillion, London Capital & Finance, & Patisserie Valerie enriched audit firms. Suppliers, employees, taxpayers, pensions schemes picked-up the cost. Now a corporate grandee in-charge of reforms says people are too hard on auditing firms
What BHS, Carillion and Thomas Cook have in common – and why this government review should worry everyone. @premnsikka https://leftfootforward.org/2019/10/what-bhs-carillion-and-thomas-cook-have-in-common-and-why-this-government-review-should-worry-everyone/ … via @leftfootfwd
Thousands of Thomas Cook jobs could be saved as Hays Travel buys 555 high street stores https://www.itv.com/news/2019-10-09/thomas-cook-hays-travel-high-street-stores-jobs/ …