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, 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 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 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 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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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.
Read more...
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 has seen sales grow by 10 to 15% in the past year, says director David Cartwright.
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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 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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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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Leading English winery, Chapel Down, is continuing to drive its growth by looking for private investors to support it through a crowdfunding scheme.
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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.
Read more...
Paying suppliers late is now seen as part of normal business practice by many international companies, according to a new study.
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Despite taking a 23% hit in China, according to Pernod Ricard's year-end financial results, the company is still "extremely optimistic" about the potential of the Chinese market moving forward.
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Treasury Wine Estates announced that it would most likely be postponing its Annual General Meeting (AGM) that is scheduled to be held on 30 October, 2014 to a later date so shareholders could vote the same day as the AGM to potentially consider a possible takeover.
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Tesco's stock tumbled 8.0% in early trading today as the company issued a second profit warning this year and announced it would be cutting its dividend by 75%.
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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.
Read more...
Brown-Forman's income increased by 7% despite sales not growing at the same rate as last year, said the company as it reported its first financial quarter results for the three months ending July 31 2014.
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Sales for the 2014 financial year declined by 7% to €7,945 million due to a unfavourable foreign exchange rates and the Chinese market taking a -23% hit according to Pernod Ricard's annual financial report.
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