Latest company news: TUI, Next, Xafinity, and General Motors
The FTSE 100 giant wants to tap markets which already form part of its holiday destinations and is aiming to win one million new customers by 2022. Chief executive, Fritz Joussen said: “Markets such as Asia and South America are regions with rapidly growing middle classes gaining new opportunities to travel and discover the world thanks to growing prosperity. We are aiming to push expansion of our brand ahead in these markets.” TUI posted a quarterly loss of £57million, an improvement of 17 per cent on last year. Shares rose 61p to 1218p. ———————————————————————————————————
GETTY Holiday giant TUI is looking to gain an additional one million customers by 2022
GETTY Sir John Parker is stepping down later this year as boss of Next
Two of Britain’s biggest companies, miner Anglo American and fashion retailer Next, will later this year have a new chairman.
Having seen Anglo emerge in a strong position from the mining industry downturn, I believe the time is now right for the board to seek my successor Sir John Parker
FTSE 100 chain Next has lined up Michael Roney, former boss of distribution giant Bunzl, to succeed John Barton. He will step down from the board in August after 11 years as chairman. Blue chip Anglo has begun the search for candidates to replace Sir John Parker, who said he will step down later this year after eight years as chairman. Parker said: “Having seen Anglo emerge in a strong position from the mining industry downturn, I believe the time is now right for the board to seek my successor.” ———————————————————————————————————
GETTY Pension adviser Xafinity is looking to boost its growth by launching on the London market
Pensions adviser Xafinity is to launch on the London stock market to boost its growth prospects. It has raised £179.6 million, some £125.1 million for the selling shareholders including buyout firm CBPE, with £46 million to be spent repaying debt. I t sees opportunities from Government pension reforms announced two years ago and is likely to target acquisitions. It will be valued at about £190.3 million. Co-chief executive Paul Cuff said: “The float is the logical next step in our strategy, enhancing our public profile and status with existing and potential clients and providing access to the capital markets.” ———————————————————————————————————
Detroit Motor Show 2017 - round-up of the best cars unveiled Thu, January 12, 2017 A round-up of the best new and concept cars unveiled at the Detroit Motor Show 2017. Play slideshow PH 1 of 54 The best cars unveiled at the Detroit Motor Show 2017
GETTY The carmaker behind Peugeot and Citroen is looking to buy out Opel from General Motors