Thomas Cook

46 results

Mazars audit and assurance partner Tommy Doherty: ‘The corporate failures of Thomas Cook, Carillion and BHS in the UK and Wirecard in Germany have ignited a reaction.’  Photograph:  Paul Sharp/SHARPPIX

Far reaching change is afoot in the audit world. The EU is conducting an evaluation of the audit legal framework. The UK government has entered into a(...)

Tui is the world’s largest tour operator. Photograph: iStock

Tui, the world’s largest tour operator, has received approval for a €1.8 billion loan to help it survive an almost total shutdown of its operations, i(...)


Willie Walsh, head of the Aer Lingus parent company International Consolidated Airlines group, has attacked a British government-backed rescue of regi(...)

The emergency agreement seeks to prevent Flybe becoming the second UK carrier to fail in four months after Thomas Cook went bust in September. Photograph: Chris Ratcliffe/Bloomberg

Flybe’s collapse has been averted after the UK government told the airline it would review air passenger duty. The UK treasury announced on Tuesday t(...)

Piraeus container terminal near Athens, Greece. Chinese investment in Greece is huge, most obvious in the  ownership of Piraeus port, the busiest in the Mediterranean.  Photograph: Reuters

The most important industry in Greece today is tourism. Some would say that, with the lack of manufacturing industries or a financial services centre,(...)

Mergers and acquisitions is a very risky business and the Thomas Cook debacle was not an isolated one. Photograph: Michael Probst/AP Photo

The recent collapse of Thomas Cook, undone by a huge debt pile dating back to a disastrous 2007 merger with MyTravel, is a reminder of an indisputable(...)

IAG said profit was down as a British Airways strike hit results. Photograph: Chris Ratcliffe/Bloomberg

Aer Lingus owner International Airlines Group (IAG) could slow short-haul growth next year on signs of economic weakness in Europe, according to chief(...)

Thomas Cook fell into liquidation on September 23rd after its creditors and largest shareholder failed to agree a deal to save the  travel company. Photograph: Getty

Thomas Cook’s shop estate has been bought by independent travel agents Hays Travel in a deal that could see it re-employ many of the collapsed travel (...)

If Thomas Cook, with 178 years of experience, can go to the wall, what hope is there for others selling traditional package holidays? Photograph: Digital Vision/Getty

Michael O’Leary knows how to grab a headline. This week the Ryanair boss declared that he thinks the package-holiday market “is screwed, it’s over... (...)

US stocks fell lower in early afternoon trading after president Donald Trump delivered a stinging rebuke to China’s trade practices. Photograph: Michael Nagle/EPA

Dublin’s Iseq index stood out as a bright light across European markets, driven by a solid performance by banking shares, even as shares in London suc(...)

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