Thomas Cook looking at sale of airline in cost-saving plan February 22, 2015 Holiday company Thomas Cook is looking to sell its airline business in a bid to cut costs, with rival carriers or private equity investors potential candidates to buy the operation. The travel firm has been sounding out interested parties over the past few months, according to reports, but has yet to reach a deal. Earlier [...]
Thomas Cook share price falls five per cent on first quarter results February 11, 2015 The figures Having risen yesterday, Thomas Cook shares promptly shed those gains this morning, losing more than 5.5 per cent in early trading, after it posted figures showing first-quarter profits had dipped to £327m in the three months to the end of December, down from £365m during the same period the year before. Like for [...]
Harriet Green lost out on final bonus before Thomas Cook exit January 13, 2015 Former Thomas Cook chief executive Harriet Green saw her pay packet plummet by 73 per cent in her final year in the job after coming up short of her targets, it came to light yesterday. Before her high-profile exit from Thomas Cook in November, Green was unable to pick up her bonus for the 2014, [...]
Thomas Cook’s shares dive as Green takes off November 26, 2014 THOMAS COOK suffered its biggest share price slump in two years yesterday after investors were left reeling from the abrupt departure of chief executive Harriet Green, just two years into her turnaround of the world’s oldest travel company. Shares plunged as much as 20 per cent yesterday in reaction to the news and a warning [...]
As Harriet Green exits Thomas Cook, what’s the right amount of time to stay in a job? November 26, 2014 Quitting while ahead may help you to move on to bigger things. Whenever high-flying chief executives abruptly part company with their firm, the gossip antennae of City folk immediately start twitching – searching for signs of a scandal or cover-up. Not so with outgoing Thomas Cook chief executive Harriet Green, who yesterday resigned [...]
Harriet Green told a conference last week that Thomas Cook’s transformation is “absolutely not done” November 26, 2014 What's going on with Harriet Green's departure? The Thomas Cook chief executive announced today she is stepping down with immediate effect because, she said, "my work here is done". Her transformation of Thomas Cook's fortunes has certainly been extraordinary – shares were languishing around 15p when she joined in 2012. Today, they were trading at [...]
Thomas Cook share price plummets as chief exec Harriet Green steps down in the wake of rising profits November 26, 2014 With Thomas Cook revealing further growth for a second consecutive year, chief executive Harriet Green is satisfied with a job well done and has stepped down from the role. Chief operating officer Peter Fankhauser will take over with immediate effect to pilot the company which enjoyed narrowing losses and a rise in underlying profit in [...]
Thomas Cook’s Harriet Green would like to be fired by herself hears Inspiring Women conference November 20, 2014 Thomas Cook chief executive Harriet Green really wishes she could be a Buddhist. The travel boss, who gets up at 3.30am every morning to start work and laments that Thomas Cook doesn’t have an Asian business so she could hit the phones in the very early hours, believes deeply in Buddhist humanism but just can’t [...]
Thomas Cook’s bookings take a hit in Germany September 16, 2014 SHARES in Thomas Cook fell six per cent yesterday as the travel operator warned of a slowdown in late summer bookings by German holiday-makers. The 173-year-old group said bookings in Germany, which accounted for a third of group sales, had slowed from late July and hurt margins in the fourth quarter as consumers worried about [...]
Thomas Cook to lease military refuelling plane for long-hauls June 24, 2014 CHARTER airline Thomas Cook yesterday announced a deal to lease a military transport-refuelling aircraft for its long-haul flights from Glasgow, Manchester and Stansted to Cancun, Las Vegas and Orlando. The airline will lease the A330-200, which was used to ferry British troops to and from Afghanistan, from May on a three-year deal. AirTanker, the British [...]