LONDON (Alliance News) - Wine maker Gusbourne PLC Wednesday said it has completed the 2013 grape harvest, achieving yield volumes of more than double its original expectations and good quality.
The company, which has vineyards in Kent and Sussex, said the harvest was later than usual this year after a cold spring delayed the growing season, but after that weather conditions were good.
"This year's excellent harvest has been a very pleasing result for our newly enlarged group and has added significant stocks of wine to the company's inventory," Chairman and founder Andrew Weeber said in a statement.
The company, backed by Conservative peer Lord Ashcroft, changed its name in September after Shellproof bought the Gusbourne Estate Business for GBP7 million and raised funds to develop the business.
Gusbourne shares were up 1.6% at 63 pence Wednesday afternoon.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
Copyright © 2013 Alliance News Limited. All Rights Reserved.
Gusbourne (GUS)