Co-op Travel News

Competition Commission clears Thomas Cook merger

Competition Commission clears Thomas Cook merger

At last some good news for beleaguered Thomas Cook, as the Competition Commission issues final approval for its proposed merger with the Co-operative Group and the Midlands Co-operative Society. It comes at a tough time for Thomas Cook, which has issued three profit warnings in the past 12 months and recently parted was with chief executive Manny Fontenla Novoa.

Ryanair out on a limb over BAA charges

Ryanair out on a limb over BAA charges

28th Jul 2011 Airline News

Ryanair has launched legal action against BAA in an attempt to recover up to £175 million in fees it believes it incurred at Stansted Airport due to the “monopolistic” position of the airport operator. Also in the UK today, the Competition Commission has confirmed the final ruling on the merger of Thomas Cook, Co-operative Group and Midlands Co-operative Society has been delayed.

Thomas Cook merges store network with Co-op

Thomas Cook merges store network with Co-op

Thomas Cook has confirmed it will merge its high-street store network with rival The Co-operative Group to create the largest chain in the UK. In a move designed to “strengthen the competitive position” of both chains, the new group will trade from 1,204 locations across the country.

Co-operative Travel in black despite downturn

Co-operative Travel has reported a modest profit for the first half of the year despite branding 2010 the “most challenging year” in the travel industry. The tour operator – part of the wider Co-operative Group – saw profits fall 70 per cent to just £0.4 million for the 26 weeks to July 3rd.