Shares of the UK’s two biggest package holiday operators were enjoying a blue-skies scenario today as they led the market higher. TUI Travel sported a rise of 8.7p to 265.3p while Thomas Cook added 6.7p at 251.7p as steps were being taken to clear a large overhang of stock ... more
Lloyds Banking Group today sold a 10% stake in London-based residential property developer Quintain Estates & Development, which it acquired along with duff bank HBOS earlier this year, notching up a thumping loss of almost £100 million ... more
German prosecutors said they are probing the former boss of the failed giant conglomerate Arcandor, part-owner of Britain’s Thomas Cook, over alleged financial irregularities... more
Activist investor Laxey Partners today dumped its 19% holding in Shaftesbury after a clash with the West End landlord over its £150 million rights issue ... more
Michael O'Leary, if no one else, will now be able to afford to go to the loo on his own Ryanair planes - millions of times over, in fact - after today announcing five million shares in his airline ... more
Thomas Cook investors must be feeling in need of a holiday. The tour operator was the biggest loser on the top flight today, shedding 9¼p to 216p amid renewed fears that its stricken German parent will offload its stake ... more
Leisure: Canny British holidaymakers are diverting from the high currency costs of taking a break in the eurozone and instead heading for the sunspots of Turkey and Egypt... more
Lloyds TSB may be picking up HBOS, the UK’s biggest mortgage provider, for a song but not everyone in the City believes its shares are a worthwhile investment... more
Tonight:
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