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Thomas Cook has appointed an 'outsider' as new chief. Picture: Getty Images

Thomas Cook’s appointment of an ‘outsider’ welcomed

HOLIDAY firm Thomas Cook has appointed a new chief executive from outside the travel industry to lead its turnaround.

Harriet Green, who is currently boss of Leeds-based electronic components distributor Premier Farnell, will join at the end of July.

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The Aberdeen-based bus company. Picture: Ian Georgeson

Profit slump on the buses leads First to plan a new route map

Scottish transport company FirstGroup is to accelerate the restructuring of its UK bus business after profits at the division fell by almost 10 per cent.

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BMW to fight £104m fine over Swiss sales

German car maker BMW has been fined SFr156 million (£104m) for preventing Swiss residents from buying its cars abroad to take advantage of the weakness of the euro.

Flybe will begin operating the routes owned by Finnair from October. Picture: PA

Flybe’s expansion gathers pace with Finnair routes

Flybe, the regional airline, is to take on a third of the European routes run by loss-making Finnish flag carrier Finnair.

Ryanair takes battle over Aer Lingus stake to Supreme Court

Ryanair is taking the battle to retain its 30 per cent stake in rival Aer Lingus to the UK Supreme Court after the Office of Fair Trading was given the green light to investigate whether the holding is harming competition.

Ryanair's Michael O'Leary. Picture: Getty

Ryanair plays it tough over Edinburgh cost cutting

RYANAIR today remained defiant on its costcutting plans at Edinburgh airport if the new owner refuses to cut it a better deal.

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National Express: Has chosen Ecometrica for environmental assessment contract. Picture: PA

Ecometrica wins National Express software contract

National Express has chosen Edinburgh-based software firm Ecometrica to help the coach operator measure the amount of carbon dioxide and other greenhouse gases emitted by its vehicles.

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John Menzies figures taking off, led by aviation division contract wins

Logistics company John Menzies reported a strong start to the year yesterday, with trading in line with expectations of the board and analysts.

Stagecoach has purchased part of collapsed bus operator Coach America. Picture: PA

Stagecoach buys back US arm it sold at a loss ten years ago

SCOTTISH transport giant Stagecoach is paying £101 million to buy back large parts of the business it sold almost ten years ago.

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Employees on the Astra production line at Vauxhall Motors. Picture: Reuters

Driving ambition: Britain building more cars

The number of cars built in Britain leapt by almost 10 per cent last month, boosted by strong export demand.

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FirstGroup picks finance director

Transport company FirstGroup has named Chris Surch as the Aberdeen-based firm’s finance director.

High hopes for more UK jobs as GM talks near conclusion

Months of discussions about the future of car giant General Motors in Europe are set to come to an end this week, amid rising hopes for one of its UK factories.

Sir John Elvidge: Will be new chairman of Edinburgh airport. Picture: Neil Hanna

Retired senior civil servant to become the chairman of Edinburgh airport

Scotland’s former top civil servant is to become chairman of Edinburgh airport when its takeover is completed next month.

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Demand for the Jaguar Land Rover Evoque has risen. Picture: PA

Jaguar to fuel supply chain with a £1bn boost as Evoque demand rises

Jaguar Land Rover has given Britain’s car parts industry a £1 billion shot in the arm and will also push ahead with plans to create a further 300 jobs.

IAG recently bought bmi. Picture: Stephen Mansfield

Fuel costs and turmoil in Europe signal losses for IAG

BRITISH Airways’ parent company, International Airlines Group (IAG), has announced wider first-quarter losses after it was hit by higher fuel costs and the economic crisis in Spain.

Thomas Cook: Shares took a dramatic slump yesterday. Picture: PA

Struggling Thomas Cook sees underlying losses hit £262m

BRITONS eager to escape the dismal weather recently helped struggling holiday firm Thomas Cook reduce the rate of its bookings decline.

Bmi Regional has been sold for 8 million pounds. Picture: Cate Gillon

Aberdeen group buys Bmi Regional in £8m deal

International Airlines Group (IAG) has sold Bmi Regional to a consortium of Aberdeenshire businessmen for £8 million. The deal will save more than 300 jobs in the area.

EasyJet has narrowed its half-year losses

Stelios still unhappy despite EasyJet cutting winter losses

A SEASON which saw “exceptionally low” levels of disruption due to strikes and the weather helped no-frills airline EasyJet cut its winter loses.

The Week Ahead: Shareholders have got a taste for executive blood

The “shareholder spring”, which last week saw Aviva’s pay awards rejected by more than half the votes cast at the insurer’s annual meeting, is expected to continue this week as concerns over executive pay hit bookmaker William Hill, consumer goods giant Unilever and advertising group WPP.

Wheel progress: Scots car sales continue to increase

CAR sales in Scotland have risen for the second month in a row as consumer confidence gathers pace, figures yesterday revealed.

Sky High deal for traffic

Transport Scotland has awarded a three-year traffic data collection contract, believed to be worth a six-figure sum, to Yorkshire company Sky High.

Rolls-Royce predicts £1.44bn a year profit

Rolls-Royce has predicted another rise in profits this year as the engine maker continues to benefit from airlines’ need for more fuel-efficient planes.

First’s bus sale to Scots rival faces OFT questions

Competition authorities yesterday invited comments on the proposed £2.8 million takeover of FirstGroup’s north Devon operations by Perth-based rival Stagecoach, to assess whether the deal would create any competition issues.

Emirates limo service for passengers

Emirates airline promises to drive you from Dunoon in limo

WELL-HEELED passengers are to be lured from across Scotland by free chauffeur-driven limos to the country’s first first-class flights from next month.

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Etihad bought a 3 per cent stake in Aer Lingus yesterday. Picture: PA

Consolidation talk as Etihad flies in to take 3% stake in Aer Lingus

ETIHAD Airways yesterday bought a 3 per cent stake in Irish carrier Aer Lingus in a deal that could trigger more consolidation in the airline industry.

Sir Brian Souter, chief executive of Stagecoach

Stagecoach forms UK’s first ‘deep’ alliance with Network Rail

STAGECOACH has become the first of the UK’s rail operators to take charge of the tracks on some of its routes after government officials gave the green light to plans championed by chief executive Sir Brian Souter.

A new Boeing 787 Dreamliner is unveiled. Picture: Getty

Dreamliner nightmare is over

BOEING has unveiled the first 787 Dreamliner manufactured at its South Carolina assembly plant, a factory at the centre of a recent manufacturing glitch that threatened to disrupt production targets.

Investment cuts into figures but Edinburgh still flying

HEAVY investment in tighter security measures and snow-clearing equipment at Edinburgh airport took their toll on profits despite turnover reaching record levels.

Lerwick harbour cashes in on oil

AN INCREASE in work for the oil and gas industry led to an 82 per cent year-on-year leap in the number of boats using Lerwick harbour during the first three months of the year.

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Saturday 26 May 2012

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