Waterford explains share issue plans

WATERFORD Wedgwood Plc, the crystal maker controlled by billionaire Tony O’Reilly, said annual earnings are broadly in line with managers’ expectations and gave details of a share sale.

A recovery in the company’s financial performance is achievable, the company said yesterday.

Waterford plans to raise €153.7 million before costs through an open offer. Waterford first said in August that it planned to sell shares.