Budget News

Avis raises ante in Dollar Thrifty bidding war

Avis raises ante in Dollar Thrifty bidding war

25th Sep 2010 Car Rental News

Avis Budget Group has raised its offer for car rental firm Dollar Thrifty in an ongoing bidding war with Hertz Global Holdings. The latest offer values Dollar Thrifty at $53 a share, trumping Hertz’s most recent bid which valued its rival at $50.25 a share, or $1.44 billion.

ABTA: Budget ‘largely’ as expected

ABTA: Budget ‘largely’ as expected

25th Mar 2010 Tourism News

ABTA has declared itself largely unimpressed with chancellor Alistair Darling’s Budget, with a series of measures impacting negatively on the travel industry. Despite lobbying from the industry, the government has ignored pleas to reinstate tax breaks for furnished holiday lettings, with Air Passenger Duty also set to continue rising.