Business

Thomas Cook: ‘They told me the money was safe’

Image copyright Alan HolmesImage caption Alan and Diane Holmes normally take a winter holiday Customers of collapsed tour operator Thomas Cook have been getting in touch with the BBC to voice their frustration at delays in processing their refunds for holidays that never took place. The Civil Aviation Authority (CAA) originally said all valid claims […]

Business

US jobs growth jumps in November

Image copyright Getty Images The US economy added the largest number of jobs for 10 months in November, confounding economists’ expectations of a slowdown. Official data showed employers added 266,000 jobs last month, while the jobless rate dipped to 3.5% from 3.6%. The growth was helped by striking GM workers returning to work and a […]

Business

Macron pension reform: Strike continues for second day

Image copyright ReutersImage caption Train services have been badly affected by the strike The second day of a strike over French President Emmanuel Macron’s planned pension reforms has disrupted key services across the country. Public transport, schools and hospitals have been affected by the action. At least 800,000 people protested on Thursday, with clashes reported […]

Business

Eddie Stobart saved from collapse after crunch vote

Image copyright Getty Images Eddie Stobart shareholders have approved a rescue plan for the truck company, staving off possible collapse. One of the firm’s largest shareholders, DBay Advisors, will lend it £55m through high-interest bonds and assume control of the haulier. Shareholders voted “overwhelmingly” for the deal, the company said. It means the company will […]

Business

Thomas Cook customers face refund delays

Image copyright Getty Images Customers of defunct tour operator Thomas Cook have reacted angrily after learning they will face delays in getting refunds for Atol-protected package holidays. The Civil Aviation Authority originally said all valid claims made on the first day of its refund programme would be paid within 60 days, or by this Friday. […]

Business

British Steel’s French site advertised for sale

Image copyright Getty Images British Steel’s French factory has been advertised for sale separately from the UK operation, despite a Chinese firm’s deal to rescue the whole company. Last month, China’s Jingye agreed to buy British Steel, paying about £50m to take over the collapsed business and save about 4,000 jobs. French authorities have powers […]