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Sunday 23 October 2016 loc: GB


Majestic drops profit projections by £4m

Majestic Wine has launched an internal review after warning that its profits could drop as much as £4m below expectations for the current financial year.

Wednesday, September 21st, 2016 2 Comments »

Diageo considering job cuts at London HQ

Diageo is said to be reviewing staff levels as it works to make savings of £500m, with speculation mounting that jobs may be cut from its London HQ and global operations team.

Tuesday, September 20th, 2016 No Comments »

Scotch battles back from decline

Volumes of Scotch exports grew by 3.1% in the first half of 2016, marking another turning point in the category’s fortunes following several years of decline.

Friday, September 16th, 2016 No Comments »

Morrison reports positive progress, despite flat turnover

UK multiple Morrisons has reported flat turnover in the first half of the year, despite the stabilisation of like-for-like sales in the six months to 31 July.

Thursday, September 15th, 2016 No Comments »

UK not starting with ‘blank piece of paper’ post-Brexit, former Trade Minister argues

The UK is not starting with a blank piece of paper when it comes to negotiating trade agreements outside the EU, the former Minister for Trade and Minister for Europe told the wine and spirit industry – and it is not in Europe’s interests to ‘punish” the UK.

Thursday, September 15th, 2016 No Comments »

WSTA sets out its plans for post-Brexit landscape

Brexit is set to be the “overwhelming” priority of the WSTA over the next few years, CEO Miles Beale told members at its annual conference – but the wider industry also needs to also take a lead in forming the post-Brexit landscape.

Thursday, September 15th, 2016 No Comments »

Ian Macleod Distillers buys Edinburgh Gin

Ian Macleod Distillers has acquired the Spencerfield Spirit Company, including its flagship brand, Edinburgh Gin.

Wednesday, September 14th, 2016 No Comments »

Industry must take a lead on Brexit, WSTA urges

The wine industry needs to act now rather than waiting for Brexit, the WSTA has urged members on the day of its annual conference.

Tuesday, September 13th, 2016 No Comments »

Pernod Ricard eyes acquisitions in China

Pernod Ricard is prepared to consider potential niche acquisitions to bolster its business in China and widen the appeal of its portfolio in what is now its second largest market.

Tuesday, September 6th, 2016 No Comments »

Brexit to add €30m to Pernod Ricard profits

Britain’s vote to leave the EU will add €30 million to Pernod Ricard’s profits in its present financial year, according to Gilles Bogaert, the French group’s managing director of finance and operations.

Tuesday, September 6th, 2016 No Comments »

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