The current turbulence in the world's financial markets has not left the Rolling Stock Leasing Companies unscathed.
With the price of capital soaring little new business is being written.
Earlier this month RBS managed to flog Angel Trains to a consortium led by Babcock and Brown for £3.6bn. The deal did nothing to restore market confidence in BB whose share price continued in free fall and is now worth 30% of its start of year value.
Meanwhile over at Porterbrook the world's 'Oldest Active Data Room' has received yet another spring clean as Banco Santander plays host to the latest bidder undertaking due diligence on the Derby based firm.
Only at HSBC does all appear quiet.
Indeed, so much so that MD Peter Aldridge is reported to be looking "very relaxed".
Should anyone see Peter purchasing a new lawn mower at B&Q please could they let the Fact Compiler know.
Grimsby and Back
3 years ago
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