Business

Thomas Cook reassures holidaymakers after shares plunge

[ad_1] Image copyright Reuters Image caption Thomas Cook is trying to sell its fleet of planes Troubled travel firm Thomas Cook has been reassuring customers who contacted the firm with concerns about holiday trips, after its share price crashed.Its share price fell sharply at the end of last week, and it dropped a further 22% on Monday to just 9p.Thomas Cook has been reassuring people on social media, and in
Business

Royal Mail to launch parcel postboxes

[ad_1] Image copyright Royal Mail Royal Mail has announced plans for the UK's first-ever parcel postboxes.The company said 1,400 of the new postboxes would be installed across the country in more than 30 locations over a six-month period, starting in August.Locations will include Aberdeen, Birmingham, Cardiff and Leeds.Customers will be able to post parcels in the same way that they currently post a letter, provided that postage has been pre-paid
Business

Ryanair cautious on outlook as profits slide

[ad_1] Image copyright EPA Ryanair's profits fell by nearly a third last year to €1bn (£880m) as fuel costs rose and fares fell. Europe's biggest discount airline added that profits could be lower this year as fares continue to fall.For the current financial year, the carrier said it was "cautious" on pricing and had "zero" visibility for the second half of the year.The figures exclude the loss of €139m from
Business

Japan economy beats expectations of slowdown

[ad_1] Image copyright Getty Images Japan's economy unexpectedly grew in the three months to March, shrugging off forecasts for a contraction in the world's third largest economy.The economy grew at an annualised 2.1% in the period, preliminary gross domestic product (GDP) data showed. That beat analyst expectations for a 0.2% contraction, as imports fell faster than exports.The data were closely watched for any signals a planned sales tax rise could
Business

Inside the world’s most expensive election

[ad_1] With voting completed, India is now waiting to see who will be its next prime minister. Over the course of five weeks, hundreds of millions of Indians across the country took part in the historic election - not just because it’s the largest democratic exercise ever, but also because it's the world’s most expensive. So, what was the money spent on? Monica Miller explains.Video by Aakriti Thapar [ad_2] Source
Business

Rail passengers lost 3.9m hours in 2018, Which? report says

[ad_1] Image copyright EPA UK rail passengers lost an estimated 3.9m hours to delays in 2018, according to consumer group Which?The data covers trains which arrived at their destination 30 minutes or more late, and is based on 8.1m such journeys in the year.About 80 trains a day fitted this "significantly" late definition.The Rail Delivery Group, which represents operators, said "rail companies are working together to improve punctuality".Another 660 trains
Business

Warning over ‘new eurozone crisis’

[ad_1] Image copyright Getty Images A senior adviser to the German government fears another European financial crisis could be brewing. Dr Lars Feld, one of the German Council of Economic Experts, was one of the first last year to warn of a slowdown in Europe's largest economy. The German government expects expansion of just 0.5% this year, down from 1.8% just a few months ago as manufacturing struggles with a
Business

Commuters braced as railway timetables change

[ad_1] Image copyright Getty Images Image caption The network was hit by widespread delays and cancellations a year ago The new National Rail summer timetable has come into effect, with 1,000 new train services being introduced across Great Britain.The operators and infrastructure firm Network Rail say they have learned the lessons of last summer's disruption.Then, a more extensive shake-up led to weeks of chaos on the Govia Thameslink Railway (GTR)