TITLE

It's the end of German era for Thomas Cook

AUTHOR(S)
Taylor, Ian
PUB. DATE
September 2009
SOURCE
Travel Weekly (UK);9/18/2009, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the change of ownership of Thomas Cook Ltd. in Great Britain. It states that the ownership of the company changed after 44% of its shares were placed on the London Stock Exchange and a consortium of banks sold 43.9% of the stocks of its parent company Arcandor AG. It adds that the scheme was driven by the failure of Arcandor to manage the stake place under bankruptcy protection.
ACCESSION #
44520437

 

Related Articles

  • Thomas Cook.  // PRWeek (London);9/11/2009, p8 

    The article announces that holiday travel company Thomas Cook is up for sale in Great Britain, with "The Sunday Times" reporting that the stake previously held by Arcandor will be placed on the open market by Arcandor's creditor banks. It is noted that Thomas Cook shares have underperformed the...

  • Thomas Cook dismisses Arcandor fear.  // Travel Weekly (UK);6/12/2009, p6 

    The article reports that travel company Thomas Cook Ltd. has contended that its majority shareholder Arcandor AG's filing of insolvency will have no impact on the company's customers or staff. Thomas Cook group chief executive Manny Fontenla-Novoa said there is no impact whatsoever on its...

  • Cook sale reports dismissed.  // Travel Trade Gazette UK & Ireland;1/20/2006, Issue 2701, p6 

    The article reports on the confirmation of Thomas Cook UK that it will not sell off its specialist operating brands including the Club 18-30, Neilson, Style Holidays and Sunworld as reported by the newspaper in Great Britain. A spokeswoman of Thomas Cook clarified that they are undergoing a...

  • Big two's stock yo-yo to mixed messages. Lewis, Mark // Travel Trade Gazette UK & Ireland;10/24/2008, Issue 2839, p19 

    The article reports that Tui Travel and Thomas Cook shares endured a difficult time after receiving conflicting messages from stockholders in Germany. Tui Travel shares dropped 26%, while Thomas Cook shares lost 23% of their value. According to stock analysts, the behaviour of Arcandor, the...

  • Afferro Mining Update on IMIC Acquisition.  // African Business News;11/25/2013, p3 

    The article focuses on the plan of the International Mining & Infrastructure Corp. PLC (IMIC) to acquire its wholly owned subsidiary Afferro Holdings Ltd. It states that the updates of the Arrangement Agreement between the two parties will be announced from June to October 2013. In addition,...

  • Arcandor Stock Fluctuates As Piepenburg Exits. Drier, Melissa // WWD: Women's Wear Daily;7/20/2009, Vol. 198 Issue 13, p21 

    The article informs that shares of Arcandor AG recovered late Friday after the resignation of Horst Piepenburg, a key member of Arcandor's insolvency restructuring team. Speculation that the private bank Sal. Oppenheim Jr. & Cie is reconsidering its involvement with Arcandor has been building...

  • The relationships behind Freshfields' IPO success in 2014. Stanton, Natalie // Lawyer (Online Edition);12/9/2014, p1 

    The article reports on the companies that debuted on the London Stock Exchange in England.

  • London Stock Exchange Block Trading Facility.  // Trade;Apr-Jun2015, Issue 44, p24 

    The article offers information on block trading facility for Exchange Traded Funds and Exchange Traded Products from London Stock Exchange.

  • COOK SHARES RISE AFTER BROKER'S PROFIT FORECAST.  // Travel Weekly (UK);9/12/2013, Issue 2185, p70 

    The article reports the 6.3 percent increase in shares of travel company Thomas Cook as of September 12, 2013 following the forecast of broker Morgan Stanley that the company will meet annual pre-tax profits of 250 million British pounds.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics