Thomas Cook Group this morning confirmed the sale of its UK corporate foreign exchange business for £4.5 million.
The sale of Thomas Cook CFX to Moneycorp is part of chief executive Harriet Green’s turnaround plan for the group.
Thomas Cook UK stressed that it would continue to operate its consumer holiday money foreign exchange business through its network of shops and its website.
Green said: “Consistent with our commitment to simplify our brands, proposition and products, I am pleased to announce the sale of our corporate foreign exchange business.
“This will allow us to focus more on our core retail customer base and continue to deliver our profitable growth strategy.”