Business breakdown: what do this week’s top stories mean for your money?
The week started with party leaders addressing the CBI to discuss the impact of their policies on business – a rather alarming prospect. Here’s our analysis of that and all the other big business headlines.
EasyJet relaunches package holidays
The collapse of Thomas Cook earlier this year has opened the door for fellow travel operators to expand. EasyJet (LON: EZJ) has re-opened its package holiday business to fill a gap in demand in an industry which is estimated to be worth roughly £61bn a year. About 20 million people fly with EasyJet to Europe annually but only 500,000 book accommodation through it – launching the package holiday business is therefore an opportunity, therefore for the company to expand.
The news was announced as the airline reported a 26% fall in pre-tax profits to £427m for the…
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