Quote: Big Graeme "Take your pick, there is an FT report in there somewhere, I do hope they are not too left wing for you to consider it relevant.
Thanks BG, only just seen Elpers' quibble.
Also, since going back into State ownership, the target of refranchising at some point has meant little or no investment in East Coast, and, as franchisees tend to invest in the early days of their franchise and not towards the end because they don't know if their franchise will be renewed, the last investment was way before going back into state ownership.
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