Retail news
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Tough summer triggers profit warning at Thomas Cook
- Posted:
- 11 August 2010 09:21
Anxious stay-at-home Britons triggered a second profit warning from a major tour operator in as many days today as Thomas Cook joined Thomson Holidays rival TUI Travel in the doldrums.Thomas Cook said UK trading was "softer than expected" with a 2% fall in bookings during the last four weeks and ...read more
Holiday firm sees customers hold back
- Posted:
- 10 August 2010 10:59
Thomson Holidays owner TUI Travel has been left with more cheap deals to sell after would-be sunseekers sat on their hands amid nerves over post-election tax hikes, decent summer weather and the World Cup, the firm said today.TUI, which has around four million UK customers, said disruptions from Iceland's volcanic ...read more
Remarkable turnaround at Aurora
- Posted:
- 26 July 2010 11:06
Aurora Fashions, owner of Oasis, Coast, Karen Millen and Warehouse, has reported impressive operating profits just one year after it acquired the fashion brands amid the chaos and collapse of Mosaic and its Icelandic backer Baugur.In the 11 months to January 30th, Aurora turned in operating profits of £22.6 million ...read more
Warm weather boosts UK supermarkets
- Posted:
- 22 July 2010 09:27
The warm summer weather and World Cup has boosted sales at UK supermarkets, with particularly strong demand for crisps, soft drinks and alcoholic beverages."It's pretty difficult to separate the effects of the two out, but looking at the categories that are up, it's more an effect of the weather than ...read more
Ryanair sees profit hit by volcano
- Posted:
- 20 July 2010 09:37
Ryanair revealed a 22% fall in profits today after it was impacted by rising fuel costs and "unnecessary" disruption caused by Iceland's volcano.The low-cost airline booked exceptional costs of 50 million euros (£42.4 million) after the closure of European airpsace forced the cancellation of 9,400 Ryanair flights in April and ...read more
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