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Budget 2015: Industry hails duty cuts announced in today's Budget

Published:  18 March, 2015

The drinks industry has welcomed the Chancellor's decision to cut the duty on spirits and cider.

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Drop the Duty!: WSTA thanks industry for support as it waits for Budget Day

Published:  16 March, 2015

Miles Beale, chief executive of the Wine and Spirit Trade Association has commended the drinks industry for uniting behind the WSTA's Drop the Duty campaign and producing a compelling case for a 2% cut in duty.

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WSTA poll claims cutting wine duty could help swing the election

Published:  13 March, 2015

Cutting duty on wine might swing the election, a new poll has claimed.

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SWA ramps up call to cut duty as domestic sales of whisky fall

Published:  13 March, 2015

Domestic sales of whisky have fallen nearly 5% in the last year, according to new figures from the Scotch Whisky Association.

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Waitrose profits hit by investment and deflation

Published:  12 March, 2015

Waitrose saw operating profits fall 23.4%, on the back of increased investment in operations and amid a deflationary market.

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Oakley Wine Agencies grows sales by 20% in face of reduced listings in major multiples

Published:  12 March, 2015

Family run Oakley Wine Agencies, which specialises in Portuguese wines, posted 20% growth over the last 12 months despite facing a challenging trading market with supermarkets.

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Morrisons' new boss faces a tough challenge say City analysts

Published:  12 March, 2015

Morrison's results were broadly in line with expectations, City analysts agreed - but incoming chief executive David Potts faces a tough year.

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Morrisons posts losses of £792m as 23 convenience stores come into the firing line

Published:  12 March, 2015

Morrisons has posted an annual pre-tax loss of £792m, as total turnover fell 4.9% to £16,816m in the 52 weeks to 1 February 2015.

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Gruppo Campari sees sales up but profits hit by acquisitions and poor exchange rate

Published:  10 March, 2015

Italian drinks group Gruppo Campari saw sales rise 2.4% in 2014 - but group net profit fell 13.9% to €43.2m, following one-off costs involved in recent acquisitions and an unfavourable exchange rate.

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Invivo looks to raise close to £1m in first New Zealand wine crowdfunding venture

Published:  10 March, 2015

Invivo claims it will be the first New Zealand winery to launch an equity crowdfunding offer as it hopes to raise a maximum $2million NZD (just under £1 million) with the help of shareholders, including UK chat show host, Graham Norton, to spearhead its future growth.

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Leading Labour MP calls on Chancellor to cut "shocking" duty levels in Budget

Published:  09 March, 2015

Leading front bench MP Sadiq Khan has followed up a Harpers request to lobby the Chancellor for a 2% cut in alcohol duty for wine and spirits and back the Wine & Spirit Trade Association-led Drop the Duty campaign.  

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The Smith Report: implications for the wine trade as euro tumbles

Published:  06 March, 2015

The euro has been having a rough time of it lately, which has implications for the wine world and may cause things to change over the next couple of months.

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Denis O'Flynn, Pernod Ricard UK, why we need to get behind the WSTA

Published:  06 March, 2015

Denis O'Flynn, managing director of Pernod Ricard UK, talks about his plans as the new chairman of the Wine & Spirit Trade Association.

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Brown Forman Q3 rise in profits driven by Jack Daniel's and premium whiskey growth

Published:  05 March, 2015

Brown Forman's reported underlying net sales grew by 5% and operating income increased by 7% for the first nine months of fiscal 2015 ending on January 31, 2015, despite the headwinds of a strengthening US dollar and unfavourable foreign exchange.

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French vineyard attracts Seedrs highest number of crowdfunding investors

Published:  02 March, 2015

A French vineyard that launched a crowdfunding campaign has already attracted the record number of investors.

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English Wine producer loses £80,000 worth of wine in raid

Published:  27 February, 2015

An English wine producer has had over 5,000 bottles of English wine stolen from its bonded warehouse in Sussex.

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Treasury Wine says progress is being made, despite profits tumbling nearly 60%

Published:  27 February, 2015

Treasury Wine Estates has seen profits tumble nearly 60% - but boss Michael Clarke insists the company is making progress in "resetting" the troubled business.

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Tesco names John Allan as new chairman

Published:  18 February, 2015

Dixons Carphone deputy chairman John Allan has been appointed to lead Tesco's board of directors as Richard Broadbent departs.

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Wine sales rocket 20% to €44m at Vente-Privee

Published:  16 February, 2015

Wine sales rocketed in 2014 at flash sales site Vente-Privée, which is celebrating a 20% increase in wine turnover to €44 million, as it ramps up its UK focus with the appointment of a new managing director. 

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H1 results for Pernod Ricard show stability as Alexandre Ricard steps up as CEO

Published:  12 February, 2015

Sales growth for the first half of the financial year for Pernod Ricard was minimal, but stable, ahead of the announcement of leadership changes at the drinks giant.

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