Advertisement
UK markets close in 8 minutes

  • FTSE 100

    8,070.08
    +29.70 (+0.37%)
     

  • FTSE 250

    19,592.25
    -127.12 (-0.64%)
     

  • AIM

    752.83
    -1.86 (-0.25%)
     

  • GBP/EUR

    1.1656
    +0.0011 (+0.09%)
     

  • GBP/USD

    1.2486
    +0.0023 (+0.19%)
     

  • Bitcoin GBP

    50,866.30
    -1,101.44 (-2.12%)
     

  • CMC Crypto 200

    1,372.63
    -9.94 (-0.72%)
     

  • S&P 500

    5,004.93
    -66.70 (-1.32%)
     

  • DOW

    37,835.89
    -625.03 (-1.63%)
     

  • CRUDE OIL

    82.28
    -0.53 (-0.64%)
     

  • GOLD FUTURES

    2,348.00
    +9.60 (+0.41%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    17,902.09
    -186.61 (-1.03%)
     

  • CAC 40

    8,015.28
    -76.58 (-0.95%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Thomas Cook signs hotel supply deal with Webjet

Reuters - UK Focus

LONDON, Aug 18 (Reuters) - British holiday company Thomas Cook said on Thursday it had signed a supply deal with Webjet (Frankfurt: 911549 - news) for the Australia-based online digital travel services firm to source and contract hotels for a non-core part of its business.

It said Webjet will pay Thomas Cook (Frankfurt: A0MR3W - news) 21 million pounds ($27 million) to enter the supply agreement and the British company will transfer around 3,000 hotel contracts to Sunhotels, Webjet's European online accommodation business.

Thomas Cook, which last month cut its profit forecast as Europeans changed their holiday plans due to security worries, said the partnership extended an existing deal and would result in cost savings by reducing complexity in its business.

The Webjet deal will cover Thomas Cook's "complementary" holiday business, leaving it to focus on its main business, its higher-margin, own-brand offering. ($1 = 0.7656 pounds) (Reporting by Sarah Young; Editing by Greg Mahlich)