Red Funnel buy-out could signal hope on the horizon

Struggling ferry firm Red Funnel, which is seen as a lifeline for the UK’s Isle of Wight to the mainland, has been bought out by a firm that specialises in turning ailing businesses around.

Red Funnel ferry

Struggling ferry firm Red Funnel, which is seen as a lifeline for the UK’s Isle of Wight to the mainland, has been bought out by a firm that specialises in turning ailing businesses around.