Diageo warns of the dangers of any UK departure from the EU

Diageo has fired a warning shot against any possible British departure from the European Union and the risks it would have on not only its business but the future of key markets such as the Scottish whisky industry. This could be exacerbated further if Scotland chooses to become independent later in the year.

Half year operating profits significantly down at Treasury Wine Estates

Half-year operating profits at Treasury Wine Estates fell by 38% to A$45.8 million, which it blamed on increased marketing and distribution investment and challenging conditions in Asia and Australia.   

Jacob's Creek struggles as Pernod Ricard returns slight increase in half year sales

Pernod Ricard saw a slight sales increase in the UK, but said Jacob's Creek struggled in a wine market that is "highly sensitive to promotion" in the first half of the year.

Naked Wines promotes Eamon FitzGerald to managing director

The online wine retailer Naked Wines has promoted Eamon FitzGerald to managing director of its UK operation

'Status quo' is ordered for Diageo and United Spirits deal

The Indian Supreme Court has ordered the acquisition deal between Diageo and United Spirits to maintain 'status quo' until April when the matter can heard at length in a court of law.

?The Smith report: The rise of the Great British pound

Erin Smith assesses the currency map as the pound continues to gain ground

Improving picture for UK wine trade, says Rabobank

Diageo sales decline in Western Europe slows

Market latest: Credit downgrade for Rémy Cointreau SA and Treasury Wine Estates halts trading

It has been a challenging week financially for two major players in the drinks trade; Remy Cointreau SA credit rating was downgraded on Monday to 'negative' and Treasury Wine Estates requested a trading halt on Tuesday until the ASX opens tomorrow.

Demand for wine investments in California has never been higher says M&A specialists

?Liv-ex launches the Liv-ex Fine Wine 1000 index

Global wine suppliers must not neglect established markets, says Rabobank

Beam bought by Japan's Suntory for £9.7 billion

Liv-ex Fine Wine Special Report 2013

Liv-ex, the global market place for fine wine specialists, has released its report on the fine wine market for 2013. Find out the key trends, the issues and how the market is set to decline for a third unprecedented year. Subscribers can download the special report.

Treasury Wine Estates streamlines senior executive team

Treasury Wine Estates (TWE) has announced today that its executive leadership team, which included five brand business unit leaders and four regional business units, will be reduced to three roles consisting of one chief marketing officer and two regional chief commercial officers, effective immediately.

Treasury Wine Estates and Accolade sign further bottling agreement in California

Treasury Wine Estates has signed a further deal this week with Accolade Winesto provide packaging and production services for several brands based in California, including its Geyser Peak, Atlas Peak and XYZin brands.

Treasury Wine Estates faces lawsuit

The hangover continues for Treasury Wine Estates (TWE) following its AUD $160 million write down earlier in the year; TWE now faces a lawsuit by Melbourne City Investments and second potential class action lawsuit funded by IMF Ltd and Maurice Blackburn lawyers who, to date, have only publicised their potential intent to undertake a shareholder class-action case against TWE but who have not, at this stage, commenced any legal proceedings.

Spirits companies should work harder to protect margins, warns Rabobank

If spirit companies are to generate growth in a depressed market they are better to concentrate on protecting margins than trying to drive volumes, according to Rabobank, financial experts for the drinks industry.

Naked Wines secures additional £6.4m for expansion abroad

Norwich-based Naked Wines has announced it has secured a third round of funding of £6.4 million from German WIV Wein International AG, a founding shareholder in the company, bringing the total amount invested by WIV in the online retailer to £15.4 million.

Treasury sees 50% profits dip due to unsold wine in US

Treasury Wine Estates has seen annual net profits slide by 50% due to one-off charges on unsold wine in the US, but sales in the UK have shown signs of recovery in recent months.