Against the odds: Royal Mail's GLS – the allure of another 'GXO-like' spin-off
Spin it, why not
Is Hutchison Port Holdings Trust (HPHT) on the way to snatching victory from the jaws of defeat?
That’s a totally fair question.
And a very reasonable answer is a resounding yes.
The 2011 Hutchison announcement that it would hive off its Hong Kong and Pearl River Delta terminals and list them as a trust on the Singapore Exchange – a major capital markets highlight then – raised quite a few eyebrows in the Lloyd’s List newsroom (where this correspondent worked at the time).
The editor, the late ...