Blake Dixon, chairman of the dissident shareholder Guinness Peat Group, which failed in its attempt to break the three-tiered shareholding structure at July's annual meeting, admitted the figures "did not look bad" but maintained that enfranchising non-voting shareholders was the only way to increase City confidence and raise the capital to increase Young's retail base. The shares ended up 6 per cent at 627p, but still well below the July high of 810p.
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