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Friday 14th of January 2011

News Tag: Crown Currency Exchange

December 8, 2010

Crown Currency Exchange directors arrested

by Kay Murchie
Crown Currency Exchange directors arrestedCrown Currency Exchange directors arrested
Two former directors of the collapsed foreign exchange company, Crown Currency Exchange, Peter Benstead and Edward James, were arrested and have been questioned in connection with the failure of the company. However, police have said the two men have since been released on bail until July next year. The two men have been named as Peter Benstead, 68, of Cornwall ...



November 16, 2010

Crown Currency Exchange customers to lose out

by Kay Murchie
Crown Currency Exchange customers to lose out
Crown Currency Exchange, which was last month placed into administration, is not expected to pay out all the cash its customers lost, since it was not covered by any of the Financial Services Authority compensation schemes. The company‘s administrators have received around 8,000 claims totalling £16.5 million but it has been revealed that customers are only expected to recoup a "small ...



October 5, 2010

Tui Travel boosted by late summer bookings

by Kay Murchie
Tui Travel boosted by late summer bookings
Tui Travel has provided an encouraging update today, providing a boost to investors with a 4.2% rise in its share price following the announcement. The company, which is the owner of Thomson, said UK bookings had risen by 5%, while the Nordic region experienced a 16% increase. The company said it had benefited from the demise of many smaller travel companies and ...



October 4, 2010

Crown Currency Exchange placed into administration

by Kay Murchie
Crown Currency Exchange placed into administration
Crown Currency Exchange has today been placed into administration. Its collapse has been attributed to the downturn in the travel industry. MCR has been appointed as administrator and said it believes 13,000 consumers will be directly affected by the collapse. Paul Clark, of MCR, said that Crown had been affected by the downturn in the travel market and it has “experienced a difficult ...