Young resigns as brewery boss
Friday 04 June 1999
The changes are a token gesture to demands for reform of voting structure from a number of City institutions led by Guinness Peat. Mr Young will carry on as executive chairman and the family has no intention of changing the three-tier share structure which gives them 60 per cent of the votes.
Its hand has been strengthened by good results for the year to 27 March. Poor weather last summer affected sales through managed and tenanted pubs but this was offset by higher sales of food and wine and a strong performance from contract brewing and sales to pub groups and supermarkets, which took 43 per cent of the Wandsworth brewery's output.
Beer sales and production rose 4 per cent, turnover increased by 6 per cent and profits grew by 11.6 per cent to pounds 6.7m, excluding exceptional items. The quoted voting shares, which fell to a low of 557.5p last year, rose 22.5p to 822.5p and the majority non-voting shares rose a similar amount to 547.5p.
- 2 Friends 20th anniversary: Alison Jackson photographs reunited cast
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 5 Free U2 album: How the most generous giveaway in music history turned into a PR disaster
Scottish independence: Despite defeat history may still point to Alex Salmond as the victor
Scottish independence referendum: Frankie Boyle reacts to nation's 'No' vote - 'To be fair, I've always hated Scotland'
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Scottish referendum: Police struggle to control Unionist rally in Glasgow's George Square
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...