Thomas Cook CEO resigns, growth figures come out of the economy and business booming for builders

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Thomas Cook CEO resigns, growth figures come out of the economy and business booming for builders
26th November 2014

The City and economics correspondent for the Evening Standard, Russell Lynch gives an update on the latest business news.

Harriet Green hangs up her sun hat

Dubbed as the ‘turn-around queen’ the Chief Executive of Thomas Cook has decided to resign after two tricky years in the business.

 

When she entered the company in July 2012 the travel agent was about to go bust, after a series of store closures and job cuts the company is back on its feet.

We are a nation of shoppers and not exporters 

The Office of National Statistics is set to release the growth figures today.

The overall growth of the economy is not likely to change that dramatically, it will give a breakdown of how we are spending and earning.

It is expected to show that issues with the Eurozone has made problems with exports, and that as a nation we are still on the spend.

 

Booming business for builders

Recently Foxtons had issued out a profit warning and  the Royal Institution of Chartered Surveyors have been bad news in the property markets.

More problems in housing has been raised with Labours proposed mansion tax. But, these issue are all based at the higher end of the property ladder, and the businesses building affordable homes in the capital are releasing positive figures.

Home building company Telford Homes are building £1.1 billion new homes in the capital, and have already reported their business is up by 25 percent.

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