Beleaguered Thomas Cook has unloaded gold and hotel business in Spain to help slash debt which has crippled their business of late. The 170 year old company will be selling their stake in Hoteles Y Clubs De Vacaciones for a reported £72 million. The news comes in advance of delayed Thomas Cook annual results which will almost certainly spur massive store closings and job losses.
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Thetrainline.com Profits Soar Offsetting Debt
A story on Travolution shows online rail bookings having increased at thetrainline.com boosting sales to more than £1 billion. Thetrainline.com revenue only offsets debt though.