Runway Sales

Owners of Glasgow’s Prestwick Airport, New Zealand-based infrastructure investment company Infratil, are putting the property up for sale. Infratil has said it is also looking for a buyer for its British airport, Manston in Kent. The company said the sales are the result of a decision to refocus where it plans to invest. Glasgow Prestwick chief executive Iain Cochrane said: “This decision comes from a re-focusing of Infratil’s investment profile and has been under consideration for some time.” Stagecoach sold Prestwick Airport to Infratil in 2001 for £33.4m. Infratil was founded in 1994 by Wellingtonian Lloyd Morrison, a merchant banker, who died in February 2012. He was 54.


Tags: BBC News  British Airport  Glasgow  Iain Cochrane  Infratil  Kent  Lloyd Morrison  Prestwick Airport  Stagecoach  

Inside New Zealand’s Clean Green Beauty Scene

Inside New Zealand’s Clean Green Beauty Scene

Kaeā, founded by conservationist Suzan Craig, is one of a handful of sustainable skincare brands to come out of New Zealand in recent years. Financial Times contribution editor Jessica Beresford interviews…