Guinness Peat Group
Guinness Peat Group was an investment holding company with interests in Europe, Australia and New Zealand.
 | |
| Type | Public limited company |
|---|---|
| ASX: GPG LSE: GPG NZX: GPG | |
| Industry | Investments |
| Founded | 1980s |
| Founder | Guinness Mahon |
| Defunct | 2015 |
| Successor | Coats |
| Headquarters | London, England |
| £64 million[1] (2014) | |
| £9 million[1] (2014) | |
| Website | www |
History
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][lower-alpha 1]
Notes
- 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
- Annual Report 2014 Coats
- "Weiss exits Guinness Peat but stays on at Coats". The Australian. 1 April 2011. Retrieved 8 February 2016.
- Gaynor, Brian (3 July 2010). "Investors must insist on best practice". New Zealand Herald. Retrieved 8 February 2016.
- "Exchange merger 'bad for investors'". The Daily Telegraph. 11 August 2000. Retrieved 8 February 2016.
- Change of name to Coats Group plc Coats 26 February 2015
- "Ron Brierley resigns from Coats". New Zealand Herald. 20 April 2015.
- "Coats sees full-year performance 'moderately ahead' of its previous expectations". Proactive Investors. 2 August 2022. Retrieved 2 August 2022.
- Confirmation of Delisting from NZX and ASX Coats 19 May 2016
- Coats Group to delist from NZX after 26 years Stuff 19 May 2016
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