We want to streamline the management and admin staff of the business and get our managers closer to the business to deliver that better leadership and get the right people in the right jobs.

Budapest is right in line with our international strategy, and we have won it at a fair price, reflecting the true value to BAA of the assets involved, rather than any wider strategic benefits.

The Group is on track to deliver trading performance for the year in line with our expectations, a good result given the impact of a softer UK economy and increased security requirements.