Bailed-out Monarch flies back to black

The parent company of Monarch Airlines has returned to the black two years after a bailout by its Swiss owners and has vowed to lure holidaymakers away from Europe’s budget airlines by offering a less “stressful” travelling experience. Monarch Group, which owns Cosmos Holidays and an aircraft engineering business as well as its eponymous airline, […]

Barclays applies brakes to Boris bikes as it ends association early

The light blue Barclays branding on Boris bikes has become synonymous to Londoners but the bank that famously has its logo splashed on thousands of bicycles in the capital is to stop sponsoring the scheme from 2015. Barclays was expected to continue its association with the London Mayor’s bicycle hire scheme, which was introduced in […]

Inditex is in fashion for the Christmas rush

Sales at Inditex jumped by 10 per cent in the six weeks since November 1 as the Zara owner reported flat profits today. The final quarter, which takes in the Christmas spending rush, is crucial for retailers and companies which are hoping to benefit from Europe’s economic recovery, especially in Inditex’s home country of Spain. […]

Stagecoach pushes on with East Coast rail bid

Stagecoach will hold a 90 per cent stake in the entity set up with Virgin Rail to bid for the right to run services on the East Coast main line from London to Edinburgh. Sir Brian Souter, chairman of Stagecoach, said today that the company had a 90 per cent holding in a new entity […]

Closing Heathrow ‘would cost 250,000 jobs’

The closure of Heathrow in favour of a new hub airport to the east of London would cost up to 250,000 jobs and turn the most prosperous region outside the capital into an economic wasteland, a report claims today. Clusters of high-tech industry in the Thames Valley, including information technology and telecoms companies, may chose […]

Pensioners put increasing strain on the public purse

The motivation behind the Chancellor’s announcement last week of plans to raise the state pension age was laid bare yesterday when it emerged that, 50 years from now, the Government will have to spend four times as much as it does at present to support pensioners. Illustrating the havoc that an ageing population is wreaking […]

Wood Wharf sets its sights on high-tech future

Sharp-suited bankers and lawyers will soon be rubbing shoulders with more casual, fashion-conscious types as Canary Wharf Group sets out to lure technology, media and telecoms workers to a vast Silicon Valley-style hub. The developer submitted a revised planning application yesterday for the 4.8 million sq ft Wood Wharf riverside site directly east of the financial […]

TUI hails the return of the package holiday as a five-star luxury break

Cheap sun-and-sangria holidays to the Spanish costas may have fallen out of favour, but Europe’s biggest tour operator claims that package travel is “back in vogue” amid soaring demand for all-inclusive and “differentiated” holidays. TUI Travel, which owns the Thomson and First Choice holiday brands, beat forecasts yesterday when it reported a 21 per cent […]

Pizza boss: ‘We need immigrants because of workshy Britons’

Migrants should not be blamed for coming to the UK to do jobs that British people are unwilling to take, two businessmen said yesterday. Lance Batchelor, chief executive of Domino’s pizza chain, said that tougher immigration laws had left the company struggling to recruit staff, particularly in London and the South East. Mr Batchelor, who […]

Goodnight, campers: the end of the road for the hippest van

They have been the scene of unscheduled nights of passion and given relief from the rain in wet west Wales. They have been a badge of hippiedom and still go the hard yards to coastal outcrops for surfers seeking the waves. Latterly they have also been the achingly retro buy of the sort of celebrities […]