Rumours this side of the North Sea has it, that Thomas Cook are in the midst of attempting a fire sale to raise the 200M they need. Some say they've put TCNE (Thomas Cook Northern Europe) up for sale which, being the sole consistently profit making arm of TCX, would be somewhat akin to slaying the golden goose.
The troubles TC are facing in the UK are much more severe than in the Nordics, and it does stand to reason that TCNE may be the only long-term viable part of TC. Sure, you can pour all the money you want into the UK, but that doesn't change the fact Brexit is looming, the pound is falling, UK tourists are holding back going abroad, nor that the competition from LCC carriers is by far the toughest in the UK.
Perhaps it's simply a question of the UK consumer having had their say: They prefer utilising booking engines to construct their own flight/hotel combination, they prefer easy and Ryan getting them to warm and sandy places, and they prefer being outside the EU. Thus, putting TCUK on life-support will only delay the inevitable.
TCNE, on the other hand, is a viable and profitable business which is well worth saving.