Petchey raises Newport stake

9 July 1999

Richmount, which has taken over from Trefick as the vehicle for Petchey’s share-buying, bought an initial 25.7% holding in Newport last week from Eaglet Investment Trust. This week it acquired Frogmore’s near-3% holding and other shares in the market, taking its holding to 29.3%. The news pushed Newport’s shares up ...

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