GPG shareholders to see cash once Coats is standing on its own

Wed, 27 Feb 2013

By Paul McBeth Feb. 28 (BusinessDesk) - Guinness Peat Group's shareholders will see a cash return once the investment firm has been rebranded into its biggest asset Coats, and the UK threadmaker is standing on its own two feet. The London-headquartered firm is firmly focused on getting rid of its last five assets and dealing with its UK pensions facing a shortfall in funding as it moves ultimately to leave Coats as a standalone company. GPG sees the rebranding as likely to happen in the second half of this year. "Our focus in the year ahea...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Economist
NATO holds its most important summit in generations
The Economist | Mon, 27 Jun 2022

Jacinda Ardern becomes the first NZ prime minister to attend a NATO summit, this week in Madrid. The meeting marks a crucial moment in the alliance's approach to both Russia and China, says The Economist.

Transport
The $200m question: funding free public transport in Auckland
Oliver Lewis | Mon, 27 Jun 2022

A new report outlines four possible solutions to a $200m question.

Bloomberg
China’s Economy Improves in June From Lockdown-Induced Slump
Bloomberg | Mon, 27 Jun 2022

Relaxation of covid restrictions helped revive China's economy in June, but the housing sector remains sluggish, metal prices are down and consumers are wary about venturing out to shop.

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.