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Opportunities ripe for consolidation in independent wine sector, predicts Broderson

Published:  03 February, 2015

The time is right for many independent operators across the wine and spirits sector to seriously consider consolidation in order to strengthen businesses, says drinks mergers and acquisition specialists Broderson & Co.

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Burgundy's Domaine Chanzy first company to use crowdfunding for IPO

Published:  02 February, 2015

Domaine Chanzy will be the first company in the world to use a crowdfunding platform to launch its initial public offering (IPO) on the AIM exchange.

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Diageo sales hit by currency and 'challenging' trading environment

Published:  29 January, 2015

Diageo's half-yearly sales were hit by currency and the "challenging" trading environment as organic net sales fell 0.1% and volumes 1.9%.

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USA to be 'star of the global economy for 2015' says Euromonitor

Published:  26 January, 2015

Euromonitor's global economic outlook for 2015 forecasts the US economy will see the largest growth in real GDP and a strengthening currency, and should be the best performing advanced economy this year.

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Fever-Tree boosted by second half results up by nearly 50%

Published:  23 January, 2015

Fever-Tree, the premium mixer company, announced yesterday a strong financial performance in the second half of 2014, with sales expected to rise 43% and revenue to grow 49% to £34.7 million.

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Rémy Cointreau sales decline slows, shows signs of stabilising

Published:  22 January, 2015

Rémy Cointreau's sales are still declining based on its third quarter financial results, but falls are slowing signalling that the company may finally be stabilising following a Cognac crash that hit China.

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Premium wine growth hampered by big grocers, warns Rabobank

Published:  19 January, 2015

The growth of premium wines is being restricted by major grocers and tough economic conditions, despite more adventurous consumers seeking them out.

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Tesco's credit rating downgraded to 'junk' status

Published:  12 January, 2015

Global credit rating agency Moody's has further downgraded Tesco long-term credit rating from Baa3 to Ba1, which is considered "junk" grade for investments that are considered 'high risk'.

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Major wine retailers boast mixed fortunes over Christmas

Published:  07 January, 2015

Majestic Wine saw sales creep up 1.1% over a "difficult Christmas" while Waitrose celebrated a bumper 15.4% increase in BWS sales over the same period last year.

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Demand surges for bigger bottles of wine

Published:  06 January, 2015

Demand for bigger bottles of wine is increasing, with one retailer predicting sales will rise by 8% in the next 12 months.

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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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