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GPG says Coats third-quarter sales rise 7 percent, awaits regulator decision on pensions review
By Tina Morrison Nov. 15 (BusinessDesk) – Guinness Peat Group, which has exited more than 50 investments to focus on UK threadmaker Coats, said third-quarter sales for the textile company rose 7 percent in constant currency terms. Sales at the company’s industrial division rose...
Turners Auctions expects 10 percent rise in annual profit after improved second half
By Tina Morrison Nov. 15 (BusinessDesk) – Turners Auctions, the auction house that counts Dorchester Pacific as a cornerstone investor, expects annual profit to rise about 10 percent after improved trading in the second half of the financial year. That’s an improvement from the...
Infratil will continue with $64 million buyback to bolster stock price
By Tina Morrison Nov. 15 (BusinessDesk) - Infratil, the listed infrastructure investor, will continue with a planned buyback worth as much as $64 million after putting the plan on ice last month while it mulled another transaction. Infratil plans to buy as many as 24.8 million...
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