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Wednesday 27 August 2014

Finance

Lurton financier facing embezzlement charges

French winemaker François Lurton’s former finance director is due in court for embezzling €50,000 of funds from the wine company between 2008 and 2011.

Tuesday, September 24th, 2013 No Comments »

US is ‘the linchpin’ for Diageo

God Bless America. That could have been the theme tune accompanying the announcement of Diageo’s annual results for the year to the end of June.

Thursday, August 1st, 2013 No Comments »

Diageo profits and sales grow in 2013

Diageo has announced net sales growth of 5% and an operating profit growth of 8% in its preliminary results for the year ending 30 June 2013.

Wednesday, July 31st, 2013 No Comments »

Grape prices hit Constellation Brands profits

Constellation Brands reported a 6% growth in net sales for the first quarter of its financial year, but said that higher grape prices and other costs had cut into its profits.

Thursday, July 4th, 2013 No Comments »

Beam defies takeover pessimists

When Beam Inc was separated from Fortune Brands in late 2011, speculation was widespread that it would become a takeover target, but the group’s progress makes that unlikely.

Tuesday, May 7th, 2013 No Comments »

Pernod Ricard sales rise in third quarter

French drinks company Pernod Ricard has reported a 2.4% sales increase in the third quarter of its 2012/13 financial year.

Thursday, April 25th, 2013 1 Comment »

Bad weather leaves Shepherd Neame profits flat

Kent-based brewer and pub owner Shepherd Neame said that factors including “unremittingly wet and dull weather” caused its profits to remain level for the first half of the 2012-13 financial year.

Monday, March 11th, 2013 No Comments »

Strong US sales help Gruppo Campari

Gruppo Campari announced a net profit of €156.7 million (£135.9m) for the 2012 financial year, thanks largely to strong growth across the US.

Thursday, March 7th, 2013 No Comments »

Currency Watch: Stagflation in the UK and woe in the Eurozone

Yesterday’s Bank of England’s Quarterly Inflation Report highlighted expectations of higher than target inflation and lower than expected growth – another bout of stagflation.

Friday, February 15th, 2013 No Comments »

Pernod Ricard reports half-year growth despite European slowdown

Pernod Ricard has reported a rise in profits and sales for the first six months of its financial year “despite a less buoyant economic environment than in 2011/12″.

Thursday, February 14th, 2013 1 Comment »

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