Holidaymakers hit as lowcostholidays files for administration

Budget holiday brand lowcostholidays has filed for administration leaving the holiday plans of thousands of Brits hanging in the balance.
Confirming the new on the company's website, a statement read: "We deeply regret to announce that the lowcosttravelgroup has ceased to trade on 15 July 2016, following exhaustive attempts by the group's directors to rescue the group, which has been hampered by the recent and ongoing turbulent financial environment."
Smith & Williamson, has been appointed a