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Saturday 27 August 2016 loc: GB

Finance

Wal-Mart reaffirms commitment to Asda amid falling sales

Falling footfall at Asda has contributed to a 7.5% drop in sales, the UK retailer’s parent company reported, but it said it remained committed to turning around the business.

Friday, August 19th, 2016 No Comments »

Treasury Wine Estates’ profits more than double

Treasury Wine Estates’ full-year net profits have more than doubled compared to last year, with its business said to be accelerating in all regions, according to its full year 2016 results.

Thursday, August 18th, 2016 1 Comment »

Accolade Wines moves closer to listing

The owner of Accolade Wines has confirmed its intent to offload its majority interest in the wine giant as it moves towards an initial public offering on the Stock Exchange

Wednesday, August 17th, 2016 No Comments »

Conviviality md joins board

Conviviality has appointed new md David Robinson, who joined the company from Home Retail Group last month, to the board of directors.

Tuesday, August 2nd, 2016 No Comments »

Brexit ‘not a big deal for us’ says Diageo chief

Brexit “is not a big deal” for Diageo, according to its chief executive, who believes there will be benefits if the transition is approached in the right way.

Friday, July 29th, 2016 No Comments »

Majestic boss gives his bonus to employees

Majestic boss Rowan Gormley has waived his share bonus in order to redistribute it amongst his staff – boosting the overall pot to a potential £7m, the retailer has confirmed

Thursday, July 28th, 2016 No Comments »

Liqueur brand who turned down BBC Dragons eyes expansion

A craft liqueur company that turned down money from the BBC’s Dragons, has relaunched as it goes after on-trade sales and the premium off-trade.

Thursday, July 28th, 2016 No Comments »

Diageo profits fall 6% amid currency turmoil

Diageo’s profits dropped 6% in 2015/16 amid currency volatility, however a strong performance in the US and growth in Europe means it is on track to deliver on its 2017 growth plans, says its chief executive.

Thursday, July 28th, 2016 No Comments »

LVMH wine and spirits revenues up 7%

Luxury goods group LVMH has reported total revenues of €17.2 billion in the first half of 2016, an increase of 3% on the previous year, with its wine and spirits revenues up 7%.

Wednesday, July 27th, 2016 No Comments »

Fever-Tree sales jump on G&T boom

Premium mixer brand Fever Tree has seen sales rise 69% in the first half of the year, driven by a strong performance in the UK off-trade.

Tuesday, July 26th, 2016 No Comments »

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