Guinness Peat Group

From Wikipedia, the free encyclopedia

Guinness Peat Group
Company typePublic limited company
ASXGPG
LSEGPG
NZX: GPG
IndustryInvestments
Founded1980s
FounderGuinness Mahon
Defunct2015
SuccessorCoats
HeadquartersLondon, England
£64 million[1] (2014)
£9 million[1] (2014)
Websitewww.coats.com

Guinness Peat Group was an investment holding company with interests in Europe, Australia and New Zealand.

History[edit]

The company, which had been formed as an investment offshoot of London based investment bank Guinness Mahon in the 1980s, was acquired by Brierley Investments in 1990.[2] The company's shares were listed on the New Zealand Exchange (NZX) in 1991, on the London Stock Exchange (LSE) in 1992 and the Australian Securities Exchange (ASX) in 1993.[3] In 2000, the company spearheaded a campaign to stop the London Stock Exchange from merging with Germany's Deutsche Börse.[4]

Having disposed of its other investments, in March 2015 the company was renamed Coats Group after its remaining subsidiary.[5][6][a]

Notes[edit]

  1. ^ Coats Group remained listed on the LSE and became a constituent of the FTSE 250 Index,[7] although it delisted from the ASX and NZX in June 2016.[8][9]

References[edit]

  1. ^ a b Annual Report 2014 Coats
  2. ^ "Weiss exits Guinness Peat but stays on at Coats". The Australian. 1 April 2011. Retrieved 8 February 2016.
  3. ^ Gaynor, Brian (3 July 2010). "Investors must insist on best practice". New Zealand Herald. Retrieved 8 February 2016.
  4. ^ "Exchange merger 'bad for investors'". The Daily Telegraph. 11 August 2000. Retrieved 8 February 2016.
  5. ^ Change of name to Coats Group plc Coats 26 February 2015
  6. ^ "Ron Brierley resigns from Coats". New Zealand Herald. 20 April 2015.
  7. ^ "Coats sees full-year performance 'moderately ahead' of its previous expectations". Proactive Investors. 2 August 2022. Retrieved 2 August 2022.
  8. ^ Confirmation of Delisting from NZX and ASX Coats 19 May 2016
  9. ^ Coats Group to delist from NZX after 26 years Stuff 19 May 2016