Ex Co-op chief executive steps down from Thomas Cook board January 15, 2014 FORMER Co-op Group chief executive Peter Marks has announced his resignation from the board of Thomas Cook, according to the tourism firm. Marks will finish his time at the company after the group’s AGM in February, and be replaced by Emre Berkin, currently a non-executive director of Thomas Cook. “I would like to thank Peter [...]
Thomas Cook boss paid £2.8m December 16, 2013 TRAVEL group Thomas Cook has awarded its new boss Harriet Green £2.85m for her first full year in charge of an ambitious recovery plan. Green, who has led a £305m rights issue and cost cutting measures since joining the firm in July 2012, hit every target needed to get her full £1.8m cash bonus. Chief [...]
Thomas Cook sells holiday extras business Essential Travel for £2m December 11, 2013 THOMAS COOK yesterday sold its travel add-ons website Essential Travel to rival firm the Holiday Extras Group for £2.1m. The company said that it will still offer its customers the same services after striking a deal for Holiday Extras to be its exclusive distributor of certain extra travel products such as airport parking, airport hotels [...]
Thomas Cook’s cost cuts deliver return to profit November 28, 2013 THOMAS Cook shares leapt 14.7 per cent yesterday after the travel group said the first full year of Harriet Green’s turnaround plan had produced more cost savings than expected. The firm also beat forecasts with a 49 per cent rise in underlying earnings to £263m, while revenues rose 1.3 per cent to £9.3bn. On a [...]
Thomas Cook sells Neilson to Luke Johnson November 25, 2013 LUKE Johnson, the serial restaurant entrepreneur best known for putting Pizza Express on the map, yesterday struck a deal to buy specialist sports travel group Neilson from Thomas Cook for £9.15m. The deal is Johnson’s second in the travel sector this year after his investment vehicle Risk Capital bought a majority stake in online holiday [...]
Thomas Cook sells forex business November 18, 2013 THOMAS Cook has sold its corporate foreign exchange business for £4.5m, as part of its continued drive to pay down debts and turn itself around. The travel firm announced yesterday it has offloaded Thomas Cook Corporate Foreign Exchange to Moneycorp, a rival operator owned by the Royal Bank of Scotland’s Special Opportunities Fund. However, it [...]