Travel giant TUI is to phase out the Thomson and First Choice holiday brands in order to migrate to a single brand across all its markets.The move follows the merger of the group’s London-based UK business with its German parent company, a move which made TUI the biggest travel operator...
Past mismanagement is to blame for the problems at the Co-operative Group, according to chief executive Richard Pennycook.Mr Pennycook told BBC Radio 5 Live that the groups former management had “let down” the company, but that changes to its management structure and cost cutting would improve profitability and allow it...
The latest official figures have revealed a continuing downward trend in unemployment, with the number of people out of work now at 1.83 million, down 35,000 from the previous quarter. This continues the general trend first seen in late 2011.There were 31.10 million people in work, 202,000 more than for...
Tesco is to close the six remaining Homeplus stores next month, cutting 450 jobs. Some workers at the stores in Bristol, Bracknell, Nottingham, Denton, Bromborough and Preston will be offered alternative roles within Tesco.In a statement, Tesco said: "We've taken the difficult decision to close our remaining six Homeplus stores.“Our...
Luxury jewellery brand Pandora has seen its revenue increase by 36.8% to DKK 3.5 million in the first quarter as the company continues to grow its store network.Figures show that the company’s revenue has increased in areas such as the Asia Pacific region increasing by 33.2% or 28.5% in local...
American clothing and accessories retailer Gap Inc has reported another quarter of weak sales for its headline brand.The fashion chain is currently in a period of struggle and on its fifth consecutive quarterly decline. Comparable sales fell 10% last quarter and in April, same store sales fell 15%.Earlier this year Art...
British low cost airline Easyjet has announced a profit of £7 million in the six months to March 31, compared with losses of £53 million last year.The airline said cheaper fuel, a weaker euro and "a strong finish" to the ski season helped gain half-year profit.Total revenue per seat increased...
It has been reported that postal company Whistl, formerly known as TNT Post is to suspend its door-to-door service in Manchester, Liverpool and London and is putting 2,000 jobs in consultation.The move follows the announcement last month that LDC, its potential investment partner would not be funding its expansion plans.The...
Pub group Greene King’s bid for rival Spirit Pub Company has hit problems after the UK’s competition watchdog said that the £775 million deal could hurt competition in the sector.Initial findings by the Competition and Markets Authority (CMA) revealed that approximately 1,000 Spirit pubs overlap Greene King pubs in some...
Toyota, Japan’s largest car manufacturer, has announced its year-on-year profits have increased by 19% for the 12 months to March.A lot of companies in Japan rely on exports, such as Toyota have benefited from the weaker yen as it helps cut down the cost of Japanese items sold abroad.President of...
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