Wednesday , 17 December 2025

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Thomas Cook plunges as tour operator seeks bailout money

Bloomberg Shares of Thomas Cook Group Plc tanked after the UK tourism operator said it needs more emergency financing. Thomas Cook said it will require another $251 million for a “seasonal standby facility,” sending the shares down as much as 28 percent. The company already increased the size of a bailout plan in August by 20 percent to 900 million …

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Canadian retail sales gain misses forecasts

Bloomberg Retails sales increased 0.4 percent in July, the first advance in three months, as consumers spent more on new cars, Statistics Canada said from Ottawa. The gain trailed economist expectations for a 0.6 percent increase. Excluding motor vehicles and gasoline, retail sales fell 0.1 percent on the month. The report falls short of economist expectations for a larger rebound …

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Marks & Spencer CFO to step down amid retailer revamp

Bloomberg Marks and Spencer Group Plc Chief Financial Officer Humphrey Singer plans to leave his post and the UK retailer is searching for his successor. Singer’s departure date hasn’t yet been decided and he’s working with Chief Executive Officer Steve Rowe to ensure a smooth transition, the company said in a statement. “After 18 months of working with Steve to …

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