Tour operator Thomas Cook has been given the green light to move forward with its proposed merger with Co-op Travel. The news comes as a much-welcomed boost for the firm, which recently saw its chief executive step down following a series of profit warnings and a horrific year. But on Tuesday the Competition Commission gave [...]

Third quarter profit postings have shown that TUI travel is faring better than most UK travel companies. The recently released figures show profits up 57 per cent for the third quarter, which experts say come thanks to the increasing popularity of all-inclusive holidays among Britons. But TUI’s success is a far cry from many other [...]

Wednesday saw the chief executive of travel firm Thomas Cook step down amid one of its worst years to date. Manny Fontenla-Novoa had been in the top seat for the tour operator since the summer of 2007 and has been with the company for 15 years but chose to resign this week due to “weak [...]

The UK competition watchdog has given the go-ahead for a merger between the Co-op, the Midlands and Thomas Cook that would result in Britain’s biggest high street travel agency. The Midlands currently runs 100 shops in the UK, while the Co-op will contribute 360 and Thomas Cook has a massive 780. In reviewing the proposed [...]

Shares of European holiday firm Thomas Cook dropped on Wednesday after the company released a grim profit warning. The firm’s statement said that profits would suffer substantially –about 25 per cent- due to ongoing trouble in the Middle East and North Africa as well as weak consumer spending trends both in the United Kingdom and [...]

Britons have the chance to book heavily slashed last-minute holiday packages. Several of the UK’s major tour operators cut prices dramatically on Sunday in a bid to fill thousands of empty seats. Some packages were reduced by as much as 60%, although the average savings were between 10% and 30%. Figures have shown that many [...]

A new survey suggests that at a time when holiday budgets are expected to be tight a high percentage of Brits are actually prepared to pay more for an annual trip if they can secure a unique experience. Consumer watchdog Which? magazine asked its readers to rate their top travel companies and the result was [...]

As families across the UK look for ways to cut back on spending, it appears that the annual foreign summer holiday is one of the casualties. Travel leaders Thomas Cook and Tui – owner of Thomson and First Choice – have already warned that earnings will be lower this year than in 2010. Much of [...]

UK travel giants Tui and Thomas Cook are likely to report losses this week as they announce their latest results. The firms’ profits have been hit by the social and political upheavals in the Middle East and North Africa and because of the rocketing price of oil. Tui, owner of Thomson and First Choice, could [...]

Travel operator Thomas Cook is in a row after pricing 2012 Olympic package prices up to 200% higher than normal rates. The Mirror reported this week that it had obtained documents confirming that the company is charging as much as three times previously quoted prices seen for flights and hotel rooms in London during the [...]