Waterford Wedgwood undecided on Doulton investment

Waterford Wedgwood has taken no decision on whether it will invest more money in the British ceramics group Royal Doulton as part of the British group“s GBP 18.9 million sterling (EUR 31 million) rig…

Waterford Wedgwood has taken no decision on whether it will invest more money in the British ceramics group Royal Doulton as part of the British group“s GBP 18.9 million sterling (EUR 31 million) rights issue. Waterford Wedgwood has a 15% stake in Royal Doulton. Taking up its full entitlement in the rights issue would cost Waterford GBP 2.8 million while waiving its rights would mean that its stake in Royal Doulton would fall from 15 to less than 4%.