Retail news
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Thomas Cook "fighting back"
- Posted:
- 08 February 2012 10:06
Tour operator Thomas Cook revealed heavier losses today, but chief executive Sam Weihagen said it was "fighting back", with some positivity emerging in the form of robust summer bookings.Thomas Cook, which came close to collapse in November after it was forced it to turn to its banks for more help, ...read more
Virgin reveals first class overhaul
- Posted:
- 07 February 2012 09:48
Sir Richard Branson's airline, Virgin Atlantic, has pledged £100 million to be spent on improving its first class cabins. The changes, aimed at improving Virgin's share of the business traveller market, include better seats, a futuristic bar and other cabin updates.Travellers in first class - called upper class by Virgin ...read more
Co-op Group to recruit 800 new apprentices
- Posted:
- 02 February 2012 09:47
The Co-operative Group is to recruit 800 new apprentices this year, twice as many as in 2011, based in one of its businesses ranging from food and pharmacy to farming and funerals.The firm's £9 million apprenticeship academy is on track to provide 2,000 places for young people by 2014, it ...read more
easyJet feud continues
- Posted:
- 01 February 2012 10:00
An ongoing feud between easyJet and its founder continued today, as the airline's chairman denied its directors were riding the "gravy train."Sir Stelios Haji-Ioannou, who with his family owns 37.5% of the airline's shares, has hit out at a pay deal which could award 10 executives shares worth £8 million ...read more
Carpetright in profit warning as trading slides
- Posted:
- 31 January 2012 10:42
The trading woes of the country's largest floor-covering retailer showed no signs of easing today after it issued a fresh profits warning in response to slow trading.Carpetright, which has 501 stores in the UK, said sales remained volatile and sensitive to promotions, meaning profits for the year to April 28th ...read more
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