The U.S. has been a graveyard for U.K. retailers, so investors are a little cautious. It could be that it wants to a get a flavor for the market through a small operation and then make a massive acquisition to get instant size.
More Quotes from Stuart Fraser:
We have seen quite a few people walk away from deals after the management rejects it. Interest rates are going up. Debt financing is costing more, so that's going to put a bit of pressure on what people can bid for.Stuart Fraser
Size and leverage and balance sheets will overcome the protectionism.
Stuart Fraser
We're ending the year on a pretty good note. The general news background has been quite positive.
Stuart Fraser
It's the end of a saga that devalues the Gerry Robinson brand - it was greedy of him to want such a huge salary. We'll wait and see how well Flynn gets to grip with things as this has cost him a lot of time.
Stuart Fraser
Ports are a growth business on a global scale. For Dubai it would be a strategic investment for the long-term.
Stuart Fraser
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