On Thursday, Britain’s Financial Reporting Council (FRC) stated it has added an extra year to its investigation into EY’s audit of Thomas Cook. The holiday company had collapsed in September leaving tens of thousands of people stranded abroad. The FRC… Read More ›
The development signals a growing move by Britain’s financial watchdog to scrutinize audits conducted by the Big Four accounting firms. Following a collapse of travel giant Thomas Cook, Britain’s Financial Reporting Council has begun an investigation into the travel company’s… Read More ›
Although Lufthansa’s bid includes an option to purchase the remaining airlines of Thomas Cook, Carsten Spohr, Lufthansa’s CEO however stated, it is unlikely that this will be allowed given antitrust regulations. On Tuesday, Lufthansa’s Chief Executive Officer, Carsten Spohr stated,… Read More ›
Air Berlin’s board will take a final decision on the bidding process after October 11. As per two sources familiar with the matter at hand, Lufthansa is likely to buy a large stake in insolvent rival Air Berlin; EasyJet is… Read More ›
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