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Tesco's shares tumble after second profit warning

Published:  29 August, 2014

Tesco's stock tumbled 8.0% in early trading today as the company issued a second profit warning this year and announced it would be cutting its dividend by 75%.

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The Week That Was: top news, Q&As and opinion on Harpers.co.uk

Published:  29 August, 2014

In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, financial news for the drinks trade, Q&As, and opinion stories.

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Ardbeg celebrates return from space with release of SUPERNOVA 2014

Published:  29 August, 2014

Ardbeg is celebrating its upcoming return from space on September 12 by releasing its third edition of Supernova 2014.

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Napa wineries can learn lessons from Chile following earthquake

Published:  29 August, 2014

Napa wineries should take stock of damage following last week's 6.1 earthquake and consider upgrading facilities, as Chilean winemakers did following its 2010 tremblor.

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Wine trade identifies major opportunities for 2014

Published:  29 August, 2014

The relaunch of the 3 for £10 mechanic; a major crisis in the Spanish bulk wine industry and the growing prominence of fruit-flavoured wines were all chosen as major stories of the year to date by some of the wine trade's top names.

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Former Camel Valley winemaker takes job at Plumpton College

Published:  28 August, 2014

Former Camel Valley winemaker Sarah Midgley has been appointed as winemaker at the UK's wine education hub Plumpton College.

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Brown-Forman posts positive Q1 financial results

Published:  28 August, 2014

Brown-Forman's income increased by 7% despite sales not growing at the same rate as last year, said the company as it reported its first financial quarter results for the three months ending July 31 2014.

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Pernod Ricard year-end results down thanks to China slump and foreign exchange rates

Published:  28 August, 2014

Sales for the 2014 financial year declined by 7% to €7,945 million due to a unfavourable foreign exchange rates and the Chinese market taking a -23% hit according to Pernod Ricard's annual financial report.

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Is Spain's bulk wine industry in crisis?

Published:  28 August, 2014
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Stock Spirits H1 sales hit by Polish duty hikes

Published:  28 August, 2014

Stock Spirits saw revenues fall by 10% to €137.7 million as a 15% hike in Polish excise duty hit consumption levels in the six months to June 30.

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Napa Valley wine community moves forward despite persisting tremors

Published:  28 August, 2014

The Napa Valley was shaken by three back-to-back aftershocks on Tuesday, as wineries, local businesses, and residents began to rebuild following the larger quake that struck on Saturday.

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Les Grands Chais de France launches single serve French wine brand to UK

Published:  27 August, 2014

Les Grands Chais de France has launched its Les Vignerons brand in single serve PET glasses in the UK market.

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Scottish independence: whisky heavyweights say business case 'not made'

Published:  27 August, 2014

A host of the biggest names in Scotch whisky have signed an open letter warning that the business case for Scottish independence "has not been made".

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Wine trade bets on fruit-flavoured wines

Published:  27 August, 2014

The wine trade is betting on fruit-flavoured wines - such as raspberry and grapefruit - as an upcoming trend for the UK market.

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Distell launches 56 Hundred Nederburg wine as profits surge

Published:  27 August, 2014

South Afica's Distell has launched a new Nederburg range 56 Hundred, which includes a Pinot Noir and Pinot Grigio.

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Virgin Wines records best ever sales for July

Published:  27 August, 2014

Virgin Wines celebrated its best month in its 14-year history in July, as its web sales grew 22% year on year.

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Grande Dame of wine trade Baroness Philippine de Rothschild dies

Published:  26 August, 2014

Leading light of the global wine trade Baroness Philippine de Rothschild, head of the Rothschild family dynasty, has died aged 80.

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Napa earthquake not expected to affect overall wine stocks

Published:  26 August, 2014

Last week's earthquake in Napa is not expected to impact the region's overall wine stocks, despite a number of wineries in the region suffering large scale damage.

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Napa Valley wine industry rocked by 6.1 earthquake

Published:  26 August, 2014

A 6.1 magnitude earthquake struck the Napa Valley early Saturday morning, leaving core restaurant and wine industries in both Napa and Sonoma counties reeling as they assess damages.

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Tesco cuts prices on top wines ahead of Christmas rush

Published:  26 August, 2014

Tesco is cutting prices on a range of top wines as it starts clearing warehouse stock ahead of the Christmas rush.

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