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Tesco credit rating in further jeopardy following profit warning

Published:  10 December, 2014

Moody's Investor Services, an international credit rating agency, says Tesco's profit warning "will further increase negative pressure on Tesco's current rating" and that Tesco would remain under review for another possible downgrade.

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New Zealand's Yealands Wine Group looks to fast-track expansion

Published:  09 December, 2014

New Zealand's Yealands Wine Group is looking at funding options in order to fast-track expansion plans and increase its vineyard holdings.

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Tesco shares plummet as retailer warns on profits

Published:  09 December, 2014

Tesco has issued a warning flagging full-year trading profit will not exceed £1.4 billion - 20% lower than analysts' expectations.

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Smith Report: have we lost our moral compass in business?

Published:  09 December, 2014

There have been more than enough financial scandals in recent months, raising the question: have we lost our moral compass when it comes to business?

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

Published:  05 December, 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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Business rates relief welcomed by pubs and drinks retailers

Published:  04 December, 2014

The 2% cap on business rates and commitment to a full "structural review", as revealed by the Chancellor of the Exchequer in his Autumn Statement, has been broadly welcomed across all sides of the drinks industry - both on and off-trade.

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Busines rates relief welcomed by drinks retailers and pubs

Published:  04 December, 2014

The 2% cap on business rates and commitment to a full "structural review", as revealed by the Chancellor of the Exchequer in his Autumn Statement, has been broadly welcomed across all sides of the drinks industry - both on and off-trade.

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Start-ups 'exploding' into wine sector

Published:  04 December, 2014

Start-ups have exploded onto the wine sector, particularly those with a digital focus, as 1,400 apps alone launched by 2014.

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Despite positive H1 results, concerns about Greene King remain

Published:  04 December, 2014

Total revenue was up 3.3% rising to £614.9 million for the first half of 2015 fiscal year for pub company and brewer Greene King, but its operating profit dropped 3.1% to £123.3 million.

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Brown-Forman H1 and Q2 results curbed by poor foreign exchange

Published:  04 December, 2014

The second quarter results from Brown-Forman show net sales have rebounded, growing 5% to $1.135 million in the second quarter, but operating income declined by 3% to $303 million due to the negative impact of foreign exchange.

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Smith Report: Crowdfunding wine in the digital age

Published:  03 December, 2014

This year's DWCC touched on the issue of crowdfunding and peer-to-peer lending as a potentially untapped opportunity in the wine trade.

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

Published:  28 November, 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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TescoGate: Three suspended bosses reported to have left Tesco with more to follow

Published:  28 November, 2014

Kevin Grace, group commercial director, Carl Rogberg, UK finance director, and John Scouler, UK food commercial director, three of the executives that were suspended from Tesco following its accounting crisis have left the company, according to a Financial Times report. Other suspended executives, including head of beers, wines and spirits, Dan Jago,could be dismissed next week, according to media reports.

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

Published:  21 November, 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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Brown-Forman raises its dividend, continuing strong performance

Published:  21 November, 2014

Brown-Forman shows little signs of slowing down following the "most successful year" in the company's history, announcing yesterday that it would be increasing its quarterly cash dividend by 8.6% to $0.315 per share.

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UK grocery market declines for first time in 20 years, says Kantar WorldPanel

Published:  20 November, 2014

The ongoing price wars in the British grocery market have led sales to decline by 0.2% - the first decrease since market research firm Kantar World Panel began keeping records. 

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Knight Frank teams up with Wine Owners to create fine wine index

Published:  18 November, 2014

Global property consultancy Knight Frank has teamed up with portfolio management platform Wine Owners to launch the Fine Wine Icons Index.

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

Published:  14 November, 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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Constellation Brands hits a 52-week high for third time this year

Published:  13 November, 2014

Constellation Brands (STZ) hit a 52-week high in trading yesterday, peaking at US$95.09 per share and closing the day at $94.02, which is the third time this year the company has hit a yearly record level.

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Sainsbury's profits drop due to 'once-in-a-generation' shifts in retail sector

Published:  12 November, 2014

Sainsbury's half-yearly results show the company's underlying profits dropped 6.3% to £375 million, the worst performance in over a decade for the company.

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