Business leaders slam ‘shameful’ Thomas Cook as pressure builds on former boss Harriet Green over £10.5m share award May 25, 2015 Thomas Cook is under pressure to review a £10.5m payout to former boss Harriet Green amid mounting criticism over its response to the deaths of two British children in Corfu. Green is set to collect seven million Thomas Cook shares – worth £1.47 each – under a pay deal struck in 2012. The timing [...]
Thomas Cook Corfu deaths tragedy: The government must reform paltry damages May 21, 2015 Much has been said about the PR disaster surrounding Thomas Cook’s handling of the Corfu carbon monoxide poisoning, which killed Robert and Christianne Shepherd in 2006. But the case also throws into the spotlight one of the fundamental injustices in English law: the level of damages awarded following a fatal accident. The current level [...]
Corfu deaths: Thomas Cook says hotel manager and electrician employed in Crete as chief meets with parents of Christianne and Bobby Shepard May 21, 2015 Thomas Cook has revealed Georgios Chrysikopoulos, the general manager of the hotel in Corfu where children Christianne and Bobby Shepard died, has been running another hotel used by the company. The Mitsis Laguna Hotel in Crete employed Chrysikopoulos from 1 April this year. Thomas Cook said it immediately started an investigation and discovered Christos Louvros, [...]
Mumsnet pulls Thomas Cook adverts over Corfu deaths compensation scandal May 20, 2015 Mumsnet has pulled Thomas Cook adverts from its website after its users protested. The travel company was embroiled in a scandal after it claimed a payout from a hotel in Corfu where two children died in 2006. Mumsnet said Thomas Cook was also keen for the adverts to be taken down, as they were inspiring [...]
Thomas Cook chief executive apologises for reaction to Corfu deaths as it trims losses with “substantially improved” performance May 20, 2015 The travel agent may have reported higher profits, but its reputation has taken a battering this week, after it emerged it had failed to apologise to the parents of Bobby and Christi Shepherd, the two children who died from carbon monoxide poisoning in a Corfu hotel in 2006. Read more: Thomas Cook donates £1.5m Corfu compensation [...]
Thomas Cook donates Corfu deaths compensation to Unicef May 18, 2015 Update: Thomas Cook has confirmed it will donate the compensation it received over two children's deaths in Corfu in 2006 to children's charity Unicef, following City A.M.'s earlier report. The travel operator is donating the £1.5m it received from the Louis Group as compensation from the hotel where the two children died from carbon monoxide [...]
Corfu deaths: Thomas Cook “received £3.5m payout” for loss of profits May 17, 2015 Thomas Cook confirmed it received compensation from the Greek hotel where two children were killed by carbon monoxide poisoning. The travel company has not revealed the amount it was paid out but according to The Mail on Sunday it received around £3.5m to cover refunds, loss of profits and other expenses following the deaths of [...]
Thomas Cook gets north European boost but takes a knock from currency woes March 31, 2015 The numbers Thomas Cook has reported trading in line with expectations, with the summer of 2015 more than 50 per cent sold. The UK business continues to build on last year with Thomas Cook's Concept Hotels growing 20 per cent from the previous year. Bookings at thomascook.com have climbed 10 per cent. However, the company took [...]
Germanwings flight 4U9525 crash: Airlines including EasyJet, Monarch Airlines, Virgin and Thomas Cook have just changed their cockpit procedures so two people must always be present March 27, 2015 Following the revelation that Germanwings flight 4U9525 may have been crashed deliberately, some of the world's largest airlines have confirmed plans to change their cockpit procedures so two crew members must always be present. Airlines including EasyJet, Monarch Airlines, Emirates, Norwegian Air Shuttle, Virgin and Thomas Cook all said they have changed their policies. The [...]
Thomas Cook share price soars after Chinese Conglomerate Fosun International takes five per cent stake March 6, 2015 Thomas Cook's share price soared today after Chinese billionaire Guo Guangchang took a five per cent stake. The tour operator, which staged a marked turnaround after nearly collapsing in 2011, surged 16.2 per cent to 140p per share in early morning trade. The company's shares have risen 9.5 per cent so far this year. Guangchang's conglomerate Fosun [...]