According to the Liv-ex's most recent market report, "the value of trades in November was down 19% on this time last year" signalling the on-going challenge of Bordeaux's most iconic wines continually demanding the historical prices of just a few years ago.
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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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While Pulp's Jarvis Cocker penned the famous refrain 'I wanna live like common people', it's plain that those in the House of Lords do not. They flatly turned down a deal to share catering with the lowly House of Commons for fear the Champagne would not be up to scratch. So says Sir Malcolm Jack, clerk of the House of Commons between 2006 and 2011.
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The British Retail Consortium (BRC) says November retail trading was saved by Black Friday and online sales - with electrical goods being the top sellers although premium foods also benefited.
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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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US wine app Drync has launched a new feature that allows customers to buy online and have their wine shipped to a local wine retailer for pickup - a move it claims turns local shops into the world's largest wine store.
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Last week Starbucks announced at its annual investor conference that it would begin serving beer, wine and 'evening' food in 3,000 of its 11,900 cafes in the US.
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William Grant-owned Scotch whisky Glenfiddich has appointed Mark Thomson as its new UK brand ambassador.
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The time it will take you to read this first paragraph is all it now takes to buy a loved one a special present for Christmas. The speed, reliability and ultimately convenience of shopping online now means it is quite acceptable to give even your nearest and dearest a gift that comes wrapped in cardboard through the post.
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It has been a long and emotional 2014. Can you recall the rollercoaster ride of drinks trade happenings?
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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.
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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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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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This year's DWCC touched on the issue of crowdfunding and peer-to-peer lending as a potentially untapped opportunity in the wine trade.
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Marks and Spencer's own brand wines cleared the decks at the first phase of the International Wine Challenge 2015, taking home 69 medals and outpacing nearest rival Tesco by 37 medals.
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Australia is celebrating a major win at the first tranche of the International Wine Challenge 2015, taking home the same number of gold medals as France and netting 203 medals in total so far.
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Global wine trade show Prowein is forecasting stable world demand for wines in 2015 and sees North America and Asia as the largest markets for growth in the coming year.
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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.
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Kevin Grace, group commercial director, Carl Rogberg, UK finance director, and John Scouler, UK food commercial director, three of the executives that were suspended from Tesco following its accounting crisis have left the company, according to a Financial Times report. Other suspended executives, including head of beers, wines and spirits, Dan Jago,could be dismissed next week, according to media reports.
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Despite figures from Kantar indicating that the UK has not yet fully embraced the US shopping extravaganza that is Black Friday, this morning major retail websites like Tesco Direct have crashed due to the demand in online traffic, and there have been reports of fights breaking out amongst shoppers in stores around the country. Black Friday it appears has arrived in the UK.
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