Our focus as management is on liquidating (our Amadeus stake) ... and giving that back to shareholders,

Management is concerned about return on invested capital and return on shareholder equity and that's the focus. Everything else takes a backseat to that.

Focus on costs and asset management clearly remains the best course, given the fragile market conditions,

We believe we have the management, products and financial focus to foster long-term benefits for our shareholders and customers worldwide.

I'm glad to hear he's dropping it. Continued harassment of management would not have been good for keeping their focus on the business.

It is seen as a sign that the new management at C&W is willing to focus the group in a way that should crystallize shareholder value,