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Hampshire brewer Gales has appointed a new chairman. Charles Brims, a non-executive since 1995, will assume the role from George Bowyer, whose family...
  • Hampshire brewer Gales​ has appointed a new chairman. Charles Brims​, a non-executive since 1995, will assume the role from George Bowyer​, whose family bought the brewery in 1896. Mr Brims (pictured)​ has previously held positions with Courage and also as chief executive of Portsmouth and Sunderland Newspapers.

Eldridge Pope​ chairman Christopher Pope​ told shareholders this week that trading showed no signs of improving. He said the first half of the year would be significantly weaker than the comparative period a year ago. Eldridge will restrict capital expenditure to £8.7m this year. The £8.9m proceeds from the sale of the Dorchester head office site will be used to pay down debt. Shareholders have agreed to a share buyback proposal.

SABMiller​ has agreed to buy Polish brewer Browar Dojlidy​ for £22m. Dojlidy has one brewery located in Bialystak in the north east of Poland, 120 miles from Warsaw. Dojlidy's main brands include Zubr, Classic and Zlote.​ SABMiller has also announced the sale of its Just Juice​ and Valpre​ water brands to Coca-Cola​ for £8m.

Shares in Allied Domecq​ tumbled this week after the drinks giant warned that its profits would be hurt by problems in Spain and one-off pension and foreign exchange costs. Allied shareholders have expressed concerns over directors' pay after chief executive Philip Bowman​ last year collected £1.6m.

Meanwhile, the Punch​ annual report shows that chief executive Giles Thorley​ was last year paid a total of £388,000 including a £150,000 bonus. Mr Thorley hold options on 5,901,230 shares at an exercise price of 198p. Punch shares currently stand at 178p. The outgoing chief executive Stephen Lambert​ collected £292,000.

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