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GPG accepts haberdashery ruling, sells stake in another British brewer
By Paul McBeth July 17 (BusinessDesk) - Guinness Peat Group, the investment company winding up its portfolio, won't make any further appeal over a European General Court decision that imposed a 110 million euro fine, and separately sold out of its third British brewer this year....
PGC repays $22M in bank debt from asset sales, will give strategy update this week
By Paul McBeth July 16 (BusinessDesk) - Pyne Gould Corp, whose Perpetual Trust unit is being investigated by the market watchdog, will repay $22 million in bank debt after selling down the bulk of its stakes in Heartland New Zealand and PGG Wrightson last week. The Christchurc...
NZ dollar rises ahead of CPI as traders mull weak US retail sales, IMF view
By Jonathan Underhill July 17 (BusinessDesk) - The New Zealand dollar gains before figures expected to show inflation is tame enough to rule out any immediate increase in interest rates and as traders digested weaker US retail sales and a cut to forecast global growth by the Int...
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