Mark Carney, the Governor of the Bank of England, recently announced an increase in the annual growth forecast for the UK economy from 1.4% to 2%. But things may not be as good as they sound.
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French spirits group Pernod Ricard has beaten analysts' expectations for its half year results, boosted by sales Irish whiskey in the US and overall sales in China.
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Regional grocer Booths has seen sales of its own label grow following a re-development.
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Conviviality, the UK's largest drinks distributor, has reported triple digit growth in its half year results, issued today.
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Tesco is set to merge with Britain's biggest food wholesaler Booker in a £3.7bn deal to create "the UK's leading food business".
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2016 has proved to be a record-breaking year for gin, with end of year sales continuing to soar.
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The future is still uncertain for online grocer Ocado which has just released its final quarterly sales figures for 2016.
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Edinburgh-based Craft brewery Innis & Gunn has raised £2.5 million through a four-week crowdfunding campaign - more than double its original target.
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The trade tasting which puts wines of the Mediterranean in the spotlight has become annual fixture on the international's trade's calendar.
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Top Cognac producer Remy Cointreau has reversed its fortunes after a difficult 2015.
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The government is relying on misleading projections for wine consumption to make decisions on alcohol duty, the Wine and Spirit Trade Association has claimed.
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Majestic faces a challenge to turn sales into profit if they are to deliver their target of £500m in sales by 2019.
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Sales growths across discounters Aldi and Lidl have hit their lowest level in five years as the supermarkets - led by Tesco - continue to fight back.
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Wine and premium brands could be the big winners of Scotland's impending minimum price legislation, it has been revealed.
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Premium tonic water producer, Fever Tree, is in line to jump ahead of predictions in the second half of 2016, with analysts predicting full-year UK sales growth of 95%.
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Marks & Spencer is planning a major re-structure to focus on its food and drinks offering, after profits plunged 88%.
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High street retailer Morrisons saw a boost to its seasonal trading sales thanks to Halloween, where sales are up 20% year-on-year.
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Conviviality Plc has reported strong growth across all three of its new business units, formed following the acquisition of Matthew Clark and Bibendum PLB.
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Duty contributions for the wine and spirits industry has hit the £4bn benchmark for the first time, with alcohol sales hitting an all-time high.
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The price of a bottle of wine and spirits is facing a major hike if duty rises in line with inflation, industry experts have warned.
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