The travel operating firm, Thomas Cook revealed that there were even wider losses incurred by the firm. The reason for the low torus recorded this year is the disturbance that is going on in North Africa and the Middle East.

According to reports, the advertising and marketing services firm WPP announced Apple to be the most valued brand in the world, as its worth has risen to $153.3 billion.

The four bosses who bought MG Rover for just £10 have almost sucked millions out of it. Today, all these four men have been disqualified from the post of directors.

John Towers, Peter Beale, John Edwards and Nick Stephenson are the four men who in 2001 bought MG Rover from BMW.

Trading from 1,827 branches across the UK, Travis Perkins has cited a 5.9% increase in its turnover in the first four months to April 30. The builders' merchant and do-it-yourself retailer Travis Perkins sales have marked a rise as it won market share from rivals despite flat market.

The renowned Swiss commodity company, Glencore International Plc has established the price range for the offer at 480 pence to 580 pence. Approximately $10 billion in shares will be sold in addition to a $1 billion overallotment. The bankers have claimed "material" number of orders on Thursday in spite of a slide in oil and silver prices.

The Cardiff-based company, Admiral announced the increment of 56% in the first quarter ended at March. The shares of the insurer Admiral jumped by almost 5%.

Admiral revealed that the raise of 56% reached to £539m in the first quarter of 2011. The number of insured vehicles by the company in the UK has increased by 33%.

Recently, the vehicle and accident management group, Helphire had issued a warning of a possible £25m ($41m) shortfall in its receivables and this has caused its shares slip down by 64%, closing down at 4.6p.

The oil firm IAG is experiencing a bit of a problem after the prices of oil have plunged. There was a slight loss incurred by the firm due to this development. It was revealed by the CEO of the firm though, that the firm is going to continue with its operations without any change with an expectation that the prices of oil shall soar and stability shall be restored.

DIY giants, B&O are planning to buy 31 stores which are run by rivals Focus. The news has brought threat to the 4,000 Focus employees. It has come to light that around 700 employees from 31 stores would have to apply afresh to the new owner before the branches reopens under the banner of B&O.

As the announcement of the failing to meet the projected profits came in, the shares of the UK’s largest domestic passenger carrier, Flybe, slipped steeply by 25%.