Hats off to Stobart Group for floating off the logistics arm. They’ll realise £100m or so and still retain a holding in the newly floated Eddie Stobart. It’s what they do with the cash now that the big question.
"... increase the scope for adding value to the Group's other businesses through selective investment."
Is DirectorSpeak for “We’re going shopping”.
I suspect they'll look to inject investment in rail to support aviation in pursuit of margin gains. In other words exploring rapid passenger rail link from London Liverpool to SEN to compliment route to market.
I hope they do invest in the rail and infrastructure divisions, just not projects connected to the airport!