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Pernod Ricard returns to growth in Q1 despite wine sales decline

Published:  23 October, 2014

Pernod Ricard returns to growth in Q1 with organic sales increasing 2% and sales totalling €2,037 million despite the company's Priority Premium Wines category posting a 3% decline in net sales.

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Diageo Q1 sales down, but hopes for full year growth

Published:  16 October, 2014

Spirits giant Diageo's first quarter organic net sales were down 1.5% thanks to weak emerging markets, the firm has said.

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

Published:  10 October, 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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Distell acquires International Beverage Company to increase US presence

Published:  07 October, 2014

Distell Group, South Africa's largest drinks producer, has acquired International Beverage Company in Atlanta, Georgia in an effort to grow its presence in the US market.

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The Smith Report: Could extreme weather cost the wine trade?

Published:  06 October, 2014

The economy of any agriculturally based industry can be dramatically affected by the weather, but what's the long-term forecast and what are the financial implications?

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

Published:  03 October, 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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Will Constellation Brands continue its winning streak?

Published:  02 October, 2014

Constellation Brands is set to release its second quarter financials today, and with over 51.9% share-price growth over the past year, the question on everyone's mind is can it continue?

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Tesco debt and credit ratings in question following accounting crisis

Published:  30 September, 2014

Tesco's senior unsecured long-term debt rating and its short-term credit rating was placed "on review for a downgrade" by credit rating agency Moody's Investor Service following the announcement that it had overstated its profits for the first six months by an estimated £250 million.

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Treasury Wine Estates turns down private equity bids

Published:  29 September, 2014

Treasury Wine Estates has rejected two offers from private equity bidders in favour of continuing as a standalone company.

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

Published:  26 September, 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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Mitchells & Butlers adds 195 sites in past year

Published:  25 September, 2014

Mitchells & Butlers, one of the largest operators within the UK market, has been quietly growing the number of site throughout the year and has added 195 new sites over the past year.

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Tesco fast tracks new finance chief to help with fall out from profit crisis

Published:  23 September, 2014

Tesco has pushed the start date forward of its new chief financial officer Alan Stewart to October 1 instead of December 1 after the fallout of yesterday's misstatement of profits.

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Tesco announces £250m overstatement of profits

Published:  22 September, 2014

Tesco overstated its profits for the first six months up to August 23, 2014 by an estimated £250 million, according to a statement released by the company this morning.

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Diageo faces shareholder protests over executive bonuses at AGM

Published:  16 September, 2014

Diageo chiefs are bracing themselves for a tough ride at this Thursday's annual company meeting over a row with some investors over the levels of boardroom pay.

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

Published:  12 September, 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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Morrisons' and Waitrose's profits slide as Ocado sales jump

Published:  12 September, 2014

Morrisons and Waitrose are the most recent losers of the fierce supermarket price wars that have erupted across the UK in the last year. WM Morrison reported just over a 30% decline in half-yearly profits on Thursday, while Waitrose which had remained relatively unscathed by the competition, reported a 9.4% drop in profits for its half yearly results.

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Seckford Agencies toasts sales growth

Published:  12 September, 2014

Seckford Agencies has seen sales grow by 10 to 15% in the past year, says director David Cartwright.

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Tesco expands Dan Jago's global wine role to include beer and spirits

Published:  11 September, 2014

Tesco's UK and group wine director Dan Jago is to increase his responsibilities with the addition of the beer and spirits portfolio.

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Diageo looks to tech start-ups to help drive innovation with Diageo Technology Ventures

Published:  09 September, 2014

Diageo is looking to harness the power of tech start-ups with its new Diageo Technology Ventures, in the hopes of identifying growth opportunities.

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Pound Sterling slides ahead of Scottish independence vote

Published:  08 September, 2014

The Great British pound sterling hit a five-month low of against the US dollar to close last week at 1.632 GBP/USD following reports of increased support for Scottish independence.

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