World Business Briefing | Europe: Britain: Travel Agencies to Merge
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MyTravel and Thomas Cook will combine in a deal to create a more cost-competitive European-based travel company, the companies said. The new company will retain the Thomas Cook name, one of the oldest established brands in the travel industry. KarstadtQuelle, the German retailer that owns Thomas Cook and a department store chain, will hold a 52 percent stake in the combined group. MyTravel, which is based in London, will hold the rest. The combined company, which will be based in London and listed on the London Stock Exchange, will be called the Thomas Cook Group.
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LONDON - Capital Radio and GWR have agreed the terms of their proposed Â£711 merger, which will create the UK&#39;s biggest radio company controlling 40% of the radio advertising market.
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Holiday operator MyTravel says job losses are "inevitable" following news of its planned merger with rival Thomas Cook.
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Classic FM owner GWR and Capital Radio are to merge in a deal creating a company with a 36% share of the UK commercial radio audience.
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Capital Radio and GWR Group have agreed to merge in a deal that will create the dominant company in the UK radio sector. Capital Radio CEO David Mansfield and GWR executive chairman Ralph Bernard will stay in their respective roles in the merged company.
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LONDON (CBS.MW) - IAC/Interactive on Tuesday said it&#39;s planning to break up into two publicly-traded companies, splitting off its Internet travel-related businesses into Expedia.
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British Airways is in prime position for Europe&#39;s most attractive potential airlines merger but analysts say strict ownership laws bar any speedy deal with Spain&#39;s Iberia.
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Amadeus Global Travel Distribution SA has agreed to be bought by two British private investment funds for about 4.34 billion euros (&#36;5.74 billion), the company's main shareholders said Wednesday in a filing with market regulators.
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LONDON/DUESSELDORF, Germany  - German-owned Thomas Cook is to buy British package holiday rival MyTravel , the companies said on Monday, creating a travel company worth about 2.8 billion pounds ($5.5 billion).
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Travelocity Europe, a joint venture of Sabre Holdings Corporation's (NYSE:TSG) Travelocity(R) and the Otto Group's Otto Freizeit und Touristik GmbH (OFT), has announced a restructuring that will further ...
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Executives told The New York Times the two companies may be set to merge.
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Cendant Corp. said Thursday it has agreed to acquire Gullivers Travel Associates and Octopus Travel Group Ltd. of Britain for about US$1.1 billion (euro820 million) in cash.
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The USA&#39;s largest online travel agency, Expedia.com, will be spun off into its own company, a move by its corporate parent to promote growth.
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The UK&#39;s Financial Services Authority approved Santander Central Hispano SA&#39;s 9.4 billion-pound ($17.4 billion) takeover of Abbey National Plc, paving the way for Europe&#39;s biggest cross-border bank merger.
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LONDON As a battle to merge with the London Stock Exchange heats up, attention is focusing once again on a hotly contested and as of yet unanswered question: How many stock exchanges does Europe really need, anyhow?
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Britain&#39;s major naval shipbuilders have discussed merging their operations into a single joint venture, two newspapers have reported.
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The Tokyo Stock Exchange  has  decided to tie up with the London Stock Exchange , and  is set for an official alliance accord when TSE President Taizo  Nishimura visits the U.K. in late February, Kyodo News reported  on Sunday, citing exchange officials.