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The Co-operative Travel
The Co-operative Travel is a travel agency brand used by some independent retail co-operatives in the United Kingdom, such as Midcounties Co-operative, through their access to The Co-operative brand. Between 2011 and 2016 the brand was also used by TCCT Retail Limited, a travel agency run as a joint venture between the Thomas Cook Group, The Co-operative Group and Central England Co-operative. TCCT Retail was based at the Peterborough Business Park at Lynch Wood, Peterborough. It was a member of ABTA and held an ATOL license; it also acted as an agent for licensed tour operators. In 2016, Thomas Cook completed a buy-out of The Co-operative Group and Central England Co-operative's 33.5% shareholding. The TCCT website closed in 2017 and all existing bookings were transferred to Thomas Cook. During 2017–18 Thomas Cook rebranded its Co-operative Travel branches to the Thomas Cook name. After the buy-out, the brand "Co-op Travel" continued to trade under independent cooperatives. ...
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Omagh
Omagh (; from ga, An Ómaigh , meaning 'the virgin plain') is the county town of County Tyrone, Northern Ireland. It is situated where the rivers River Drumragh, Drumragh and Camowen River, Camowen meet to form the River Strule, Strule. Northern Ireland's capital city Belfast is 68 miles (109.5 km) to the east of Omagh, and Derry is 34 miles (55 km) to the north. The town had a population of 19,659 at the United Kingdom census, 2011, 2011 Census, and the former Omagh District Council, district council, which was the largest in County Tyrone, had a population of 51,356. Omagh contains the headquarters of the Western Education and Library Board, and also houses offices for the Department of Agriculture and Rural Development at Sperrin House, the Department for Regional Development and the Roads Service, Northern Ireland Roads Service at the Tyrone County Hall and the Department of Finance and Personnel, Northern Ireland Land & Property Services at Boaz House. History ...
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Co-operative Retail Services
Co-operative Retail Services (CRS, originally CWS Retail) was the second-largest consumer co-operative society in the United Kingdom. In 2000, it was dissolved by its members, merging with the larger Co-operative Wholesale Society, to form the Co-operative Group (CWS) Ltd. History In 1933, CWS formed a retail division tasked with taking over failing retail consumer co-operatives, and setting up shop in new areas. This division was demerged to form Co-operative Retail Services during 1957. The demerger was prompted by complications with CWS's democratic governance: it was becoming a larger retailer in its own right but it was a secondary co-operative, owned by other co-operatives, meaning the retail division's customers had little representation on the board. However elections were still held with rival political groups standing, such as the 1960 Committee which attempted to give a more left-wing leadership to the London Region of CRS. CRS expanded and opened up new co-op sh ...
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Co-operative Travel Trading Group
The Co-operative Travel Trading Group (or CTTG) was the central buying group for co-operative travel agents in the United Kingdom. It was established along the same lines as the Co-operative Retail Trading Group when the Co-operative Group merged its own five travel operations in 2003. The CTTG was disbanded following the merger of the Co-operative Travel (including Midlands Co-operative Travel) with the High Street branches of the Thomas Cook Group in 2011. Following its closure, Midcounties Co-operative Travel said it “had no alternative but to create a standalone commercial and marketing capacity ndin the spirit of the sixth co-operative principle, has agreed to make this service available to the Channel Islands Co-operative and Chelmsford Star Co-operative, who have also been affected by the joint venture decision. The partnerships will help them optimise their continued development as prominent independent agents.” Channel Islands’s Travelmaker is the leading independe ...
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Travelex
Travelex is a foreign exchange company founded by Lloyd Dorfman and headquartered in Peterborough. Its main businesses are foreign currency exchange, issuing prepaid credit cards for use by travellers, supplying central banks with foreign currency and global remittance. Travelex operates more than 1,100 stores and 900 ATMs in over 20 countries. History Travelex was founded as Express Exchange by Dorfman and opened its first branch in central London in 1976. By 1978 the company had four central London stores. The company experienced growth in the 1980s, opening its first international store in 1984 in Rotterdam, and its first store at Heathrow Terminal 4 in 1986. Express Exchange subsequently became Travellers Exchange Corporation – or Travelex – when abbreviated. Travelex expanded throughout the US and into the APAC region in the 1990s. The company also undertook a series of investments, acquisitions and takeovers during this period, including a takeover of Abbey National's ...
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Traveller's Cheque
A traveller's cheque is a medium of exchange that can be used in place of hard currency. They can be denominated in one of a number of major world currencies and are preprinted, fixed-amount cheques designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege. They were generally used by people on vacation in foreign countries instead of cash, as many businesses used to accept traveller's cheques as currency. The incentive for merchants and other parties to accept them lies in the fact that as long as the original signature (which the buyer is supposed to place on the cheque in ink as soon as they receive the cheque) and the signature made at the time the cheque is used are the same, the cheque's issuer will unconditionally guarantee payment of the face amount even if the cheque was fraudulently issued, stolen, or lost. This means that a traveller's cheque can never 'bounce' unless the issuer go ...
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American Express
American Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. The company's logo, adopted in 1958, is a gladiator or centurion whose image appears on the company's well-known traveler's cheques, charge cards, and credit cards. During the 1980s, Amex invested in the brokerage industry, acquiring what became, in increments, Shearson Lehman Hutton and then divesting these into what became Smith Barney Shearson (owned by Primerica) and a revived Lehman Brothers. By 2008 neither the Shearson nor the Lehman name existed. In 2016, credit cards using the American Express network accounted for 22.9% of the total dollar volume of credit card transactions in the United States. , the company had 121.7million cards in force, includ ...
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Anglia Regional Co-operative Society
Anglia Regional Co-operative Society Limited was the fifth largest consumer co-operative in the United Kingdom. It was formed by the merger of the Greater Peterborough Regional and Anglia (formerly Waveney) co-operative societies in 1987. The Society had over 80 stores, principally trading in East Anglia. Head office was located at Westgate House, Peterborough until 2011. The Society was a registered Industrial and Provident Society, a member of the Co-operative Union, the Co-operative Retail Trading Group and a corporate member of The Co-operative Group (formerly Co-operative Wholesale Society), the largest consumer co-operative in the world. On 19 September 2013, it was announced that the boards of Anglia Co-operative Society and Midlands Co-operative Society had agreed merger terms. Approved by members on 4 and 18 November, legal completion of the merger took place on 1 December, with the Society transferring engagements to Midlands Co-operative. On 15 January 2014, members ...
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Midlands Co-operative Society
Midlands Co-operative Society Limited was the second largest consumer co-operative in the United Kingdom. It was a registered Industrial and Provident Society, a member of the Co-operative Union, the Co-operative Retail Trading Group and a corporate member of The Co-operative Group (formerly Co-operative Wholesale Society), the largest consumer co-operative in the world. The Society had over 200 stores, principally trading in the English Midlands. Head office was located in Lichfield, Staffordshire. On 19 September 2013, it was announced that the boards of Midlands Co-operative Society and Anglia Regional Co-operative Society had agreed merger terms. Approved by members on 4 and 18 November, legal completion of the merger took place on 1 December, with the Anglia Society transferring engagements to Midlands Co-operative. On 15 January 2014, members of the merged society approved a change of name to Central England Co-operative effective from 25 January 2014. History The Society ...
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Hays Travel
Hays Travel Limited is an independent travel agent chain headquartered in Sunderland, England. According to recent statistics, the company has the largest number of retail travel shops in the United Kingdom. As an independent agent, Hays Travel uses other tour operators such as Jet2 and TUI to provide package holidays to customers in the United Kingdom. History Hays Travel was founded in 1980 by John Hays in Seaham, Durham. Hays initially opened a small retail store behind his mother's clothing store. Since May 2018, Hays Travel reached sales of over £1 billion. The company's turnover increased by £42 million over 2017, when pre-tax profit was up slightly to £10.1 million. At the time, the company had around 1,500 employees. Expansion On 9 October 2019, Hays Travel announced that it had purchased all stores from the travel agency Thomas Cook Group Thomas Cook Group plc was a global travel group, headquartered in the United Kingdom and listed on the London Stock Ex ...
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Competition Commission (United Kingdom)
The Competition Commission was a non-departmental public body responsible for investigating mergers, markets and other enquiries related to regulated industries under competition law in the United Kingdom. It was a competition regulator under the Department for Business, Innovation and Skills (BIS). It was tasked with ensuring healthy competition between companies in the UK for the ultimate benefit of consumers and the economy. The Competition Commission replaced the Monopolies and Mergers Commission on 1 April 1999. It was created by the Competition Act 1998, although the majority of its powers were governed by the Enterprise Act 2002. The Enterprise Act 2002 gave the Competition Commission wider powers and greater independence than the MMC had previously, so that it could make decisions on inquiries rather than giving recommendations to Government, and was also responsible for taking appropriate actions and measures (known as remedies) following inquiries which had identified ...
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European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are then ...
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Office Of Fair Trading
The Office of Fair Trading (OFT) was a non-ministerial government department of the United Kingdom, established by the Fair Trading Act 1973, which enforced both consumer protection and competition law, acting as the United Kingdom's economic regulator. The OFT's goal was to make markets work well for consumers, ensuring vigorous competition between fair dealing businesses and prohibiting unfair practices such as rogue trading, scams, and cartels. Its role was modified and its powers changed with the Enterprise Act 2002. The Department for Business, Innovation and Skills (BIS) announced reforms to the consumer protection and competition regimes. Under the provisions of the Enterprise and Regulatory Reform Act 2013, the Competition and Markets Authority (CMA) was established on 1 April 2014, combining many of the functions of the OFT and the Competition Commission and superseding both. Regulation for the consumer credit industry passed from the OFT to the new Financial Conduc ...
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