Guinness Peat sells out of 300-year-old British brewer   14 May 2012

Guinness Peat Group, the diversified investor winding up its portfolio to return funds to shareholders, has exited its remaining stake in Shepherd Neame, a 300-year-old family controlled British brewer.

GPG sold 235,235 shares in Neame, which trades on the London-based PLUS stock exchange. The stock last traded at 710 pence, valuing the stake at about 1.67 million pounds. The stock reached as high as 920 pence in July last year.

Neame’s beers include Spitfire and Bishops Finger, and it owns about 360 pubs and hotels in the southeast of England, according to its website.

GPG shares last traded at 49.5 cents on the NZX, down from as much as $1.56 in May 2007.

(BusinessDesk)

Add a comment

Bookmark and Share

News

Extension of NZDF commitment in Afghanistan

20 Apr 2015 News
New Zealand Government Extension of NZDF commitment in Afghanistan   The New Zealand Defence Force’s commitment of mentors... more

Bennett to honour New Zealand’s sacrifice in France

20 Apr 2015 News
State Services Minister Paula Bennett leaves today to represent the Government at World War One commemorations being held at sites... more

Business

Petrol price falls main cause of second quarter of deflation

20 Apr 2015 Business News By Pattrick Smellie
April 20 (BusinessDesk) - Falling petrol and diesel prices were the major factor leading to a 0.3 percent fall in inflation during... more

NZ dollar gains after Chinese central bank adds stimulus

20 Apr 2015 Business News By Tina Morrison
April 20 (BusinessDesk) - The New Zealand dollar gained after the Chinese central bank added more liquidity to Asia's largest... more

Living

ANZAC to be commemorated in UK - with massive waiata

13 Apr 2015 ANZAC
Thousands of Australians, New Zealanders and Britons will gather in London on 25 April 2015 to mark the Centenary of the ANZAC... more

Gordon Campbell on the demise of Campbell Live

10 Apr 2015 Entertainment
  The imminent axeing of Campbell Live has been the inevitable outcome of a mindset which considers only (a) declining ratings... more

Property

NZ house prices rise 8% in March, led by 13% Auckland jump

14 Apr 2015 Property By Tina Morrison
April 14 (BusinessDesk) - New Zealand residential property prices rose in March, led by Auckland where housing supply isn't meeting... more

NZ property values rise at fastest pace in 9 months in March: QV

1 Apr 2015 Property By Suze Metherell
  NZ property values rise at fastest pace in 9 months in March: QV April 1 (BusinessDesk) - New Zealand residential property... more

Migration

PM plays down claim war criminals are living in NZ

2 Mar 2015 Migration
Prime Minister John Key says he is not aware of any suspected war criminals from the former Yugoslavia in New Zealand. The claim that... more

NZ migration rose to record in 2014

30 Jan 2015 Migration By Tina Morrison
  NZ migration surged to record in 2014, helped by robust economy Jan. 30 (BusinessDesk) - New Zealand migration surged to a... more

Travel

Air NZ's Houston link paves way for United Airlines tie-up

17 Apr 2015 Travel & Tourism By Fiona Rotherham
  Air NZ's Houston service paves the way for partnership with United Airlines, analysts say April 17 (BusinessDesk) - Air New... more

Wellington Airport revised fees 'just within' OK range

17 Apr 2015 Travel & Tourism By Tina Morrison
  Wellington Airport's revised fees are 'just within' acceptable range of returns, regulator says April 17 (BusinessDesk) -... more

Sport

Para-Swimming stars heading to World Championships

18 Apr 2015 Swimming
Paralympics New Zealand (PNZ) is thrilled to announce their team for the 2015 IPC Swimming World Championships in Glasgow in July. ... more

Black Sticks win Sultan Azlan Shah Cup

13 Apr 2015 Sport
The Black Sticks Men have won the 2015 Sultan Azlan Shah Cup in thrilling style with a 3-1 shoot-out victory over Australia. The... more

Columns

Gordon Campbell on UE pass rates & university dropout rates

14 Apr 2015 Opinion
Houston, there is clearly a problem with (a) the plunge in pass rates for University Entrance qualifications, which has been ... more

Gordon Campbell on a union victory in the fast food industry

9 Apr 2015 Opinion By Gordon Campbell
  Gordon Campbell on a union victory in the fast food industry Good to have a reminder of why trade unions are still essential... more

Kiwi Success

Smiths City names 'turnaround specialist' Roy Campbell CEO

14 Apr 2015 Appointments
April 14 (BusinessDesk) - Smiths City Group, the Christchurch-based retail chain, named Roy Campbell as chief executive, replacing... more

Appointments to Lotteries Commission

8 Apr 2015 Appointments
  Internal Affairs Minister Peter Dunne today announced the reappointment of Judy Kirk as the Presiding Member (Chair) of the... more

Recruitment

Apprenticeship scheme launched

18 Apr 2015 Recruitment
The He Toki ki te Mahi Apprenticeship Training Trust was launched by Prime Minister, the Rt Hon John Key at Rehua Marae in ... more

Chinese rail workers must be paid minimum wage

17 Apr 2015 Recruitment
KiwiRail must immediately stop further Chinese engineers from working here until they can guarantee they are being paid the New... more