DEBATE: Was the collapse of Thomas Cook inevitable? September 24, 2019 Was the collapse of Thomas Cook inevitable? Julian Jessop, economics fellow at the Institute for Economic Affairs, says YES. It is sad to see the collapse of the world’s oldest travel firm, but badly run companies must be allowed to fail. There was some bad luck here, including unrest in Turkey, European heat waves, and [...]
Labour hopes to lease 30,000 electric cars to public in climate drive September 23, 2019 Labour has unveiled plans to roll out a fleet of 30,000 electric hire cars onto Britain’s roads in a bid to help tackle climate change. Shadow business secretary Rebecca Long-Bailey today said Labour would spend £300m to provide its so-called People’s Zipcars if it came to power, which people across the country could rent via [...]
Boeing’s £3.8bn deal with Embraer ‘to be investigated by EU competition watchdog’ September 23, 2019 Boeing is facing an investigation by EU antitrust regulators into its bid for a controlling stake in the commercial aircraft arm of Brazilian firm Embraer. The deal, which marks the biggest shift in commercial aerospace in decades, would reinforce Western plane makers’ market positions against newcomers from China, Russia or Japan. I would give Boeing [...]
Thomas Cook collapse: Assets under the hammer as liquidators move in September 23, 2019 Collapsed airline Thomas Cook will be sold as a whole or in parts after it went into liquidation this morning, the firm’s second largest shareholder has said. Neset Kockar, boss of Turkish holiday group Anex Tour, owned a near-eight per cent stake in the travel giant when it went under. Read more: Tui share price soars [...]
Sexual assaults on Tube network have risen 42 per cent since 2015 September 23, 2019 The number of reported sexual assaults on the London Underground has risen 42 per cent over the last four years, according to new data. Attacks on the capital’s transport network have jumped from 844 in 2015-16 to 1,206 in 2018-19, the PA news agency’s analysis of figures found. Read more: Bank Tube station upgrade hits [...]
Thomas Cook collapse wrecks wedding for man called… Thomas Cook September 23, 2019 A man who shares the name of doomed travel company Thomas Cook faces the likelihood of cancelling his wedding after the travel company collapsed overnight. Read more: Thomas Cook collapse set to net hedge funds millions Among the hordes of unfortunate holidaymakers, Thomas Cook, 29, and his partner Amelia Binch, 27, from Hucknall, Nottinghamshire were [...]
Thomas Cook collapse set to net hedge funds millions September 23, 2019 The demise of travel firm Thomas Cook has caused chaos, leaving 150,000 Brits stranded abroad and triggering the UK’s biggest peacetime repatriation effort, but hedge funds are set to make millions from the collapse. Thomas Cook was the most shorted company on the London Stock Exchange ahead of its collapse into liquidation in the early [...]
Thomas Cook goes bust: How did it end up like this? September 23, 2019 Britain’s 178-year-old travel firm Thomas Cook officially collapsed into administration in the early hours of this morning after last-ditch rescue talks with lenders failed. The UK’s aviation regulator, the Civil Aviation Authority (CAA), is now in the process of escorting back home hundreds of thousands British holidaymakers who are abroad after booking with Thomas Cook. [...]
Timeline – Thomas Cook’s humble beginnings to a billion-pound collapse September 23, 2019 Thomas Cook’s insolvency has left hundreds of thousands of people stranded abroad, and cost tens of thousands of jobs in the UK. But it has been a long time coming. With debts ballooning over the last 10 years and a near-miss in 2011, Britain’s oldest travel firm has endured a bumpy ride in recent years [...]
Don’t Thomas Cook it: What customers should do after tour operator collapse September 23, 2019 Airline Thomas Cook gave way to its financial pressures this morning, impacting 600,000 passengers around the world. Experts say that many customers will be covered and the government has embarked on the UK’s biggest peacetime repatriation in history, but what should you do if you have a ticket with Thomas Cook? If you are abroad [...]