Tesco faces potential multi-billion pound UK shareholder claim

Tesco is facing a potential multi-billion pound class action lawsuit in the UK by a not-for-profit organisation representing its shareholders, in relation to the profit overstatement it announced last year.

AG Barr sees profits boosted 10%

Soft drinks manufacturer AG Barr saw a 10% boost to its pre-tax profit to £41.9m, with turnover up 2.7% to £290.9m in the 12 months to 25 January.

Why English wine's Litmus Wines is on board with Branson's South African hotel venture

English winemaking consultants Litmus Wines recently teamed up with Richard Branson's private hotel collection Virgin Limited Edition to launch a new joint-venture wine business in South Africa's Franschhoek region. Litmus' founder and director John Worontschak, and VLE's managing director, Jon Brown, talked to Harpers.co.uk about the venture and what it will mean for the Surrey-based business. 

Wine Intelligence partners with academic institute

Leading research body Wine Intelligence has teamed up with the academic wine institute at Geisenheim University in Germany.

Dedicated Wines looks to kick back against range cuts with new Les Incroyables wine range

Dedicated Wines is kicking back against wine range cutbacks in the major multiples by launching a new wine range, Les Incroyables, that it hopes will bring genuine interest to consumers and offer something different at a time of new product stagnation.

Groceries Code Adjudicator launches new supplier survey

The Grocers Code Adjudicator has launched a new survey which it says will provide a comprehensive perspective on supplier/retailer relations,

Diageo puts innovation 'at the heart' of its UK commercial strategy

Diageo is stepping up its commitment to innovation as part of a commercial strategy that will see levels of npd boosted across its drinks portfolio. 

How Jascot's Alastair Pyatt "persuaded" the Chancellor to freeze wine duty

So here's us all thinking it was the gallant combined efforts of a cross industry high profile campaign that convinced the Chancellor, George Osborne, to freeze the duty on wine in last week's Budget. Well think again.

Fever-Tree's revenue soars 49%

In its inaugural financial year results as a publicly traded company, Fever-Tree beat analysts expectations and saw revenue grow by 49%.

The Institute of Masters of Wine inducts five new members

The Institute of Masters of Wine has welcomed five new Masters of Wine into its membership bringing the total number of MWs to 332 globally.

Mathias Camilleri named UK's Chaîne des Rôtisseurs Young Sommelier of the Year

Last week Mathias Camilleri from the Medlar was named UK's Cha&icircne des Rôtisseurs Young Sommelier of the Year.

Ridgeview to double production of its award winning English wine by 2020

Ridgeview, the award winning English winery, plans to double its production in the next five years as as an ambitious project of planting over 80 hectares of extra vines take effect.

Diageo adds bottled beer to Guinness

Tom and Ed Martin head to Suffolk to open their first pub outside London

Tom and Ed Martin, who have been building up an impressive range of pubs across London as part of their privately-owned ETM Group, are now set to venture outside the capital and head to Lavenham in Suffolk to open their first rural pub, The Six Bells.

Invivo half way to NZ$2m crowdfunding target after only one day of trading

New Zealand winery, Invivo Wines, raised over half its NZ$2 million target in a matter of hours after its crowdfunding campaign was opened for business yesterday.

Port company Sogevinus to launch comms push in UK

Port company The Sogevinus Group is set to ramp up its focus on the UK trade after appointing Sopexa UK to head up a new two-year comms strategy.

Final call for bartenders to enter Diageo Reserve World Class 2015 competition in the UK

Diageo is searching nationwide for the best British bartender to represent the UK in Diageo's Reserve World Class 2015 bartending competition in South Africa later this year.

Chief of the Week: The Chancellor, George Osborne

It's been another hectic week for the world of wine and spirits. Most of the UK wine trade seemed to have debunked to Dusseldorf for the annual tour of bratwurst stalls at ProWein - without doubt the largest wine fair in the world.

Australian wine sees export value and volume growth for first time in seven years

Australian wine exports are showing positive growth in value and volume for the first time in seven years, according to new figures from the Australian Grape and Wine Authority.

Tesco signs property swap with joint-venture partner on 21 stores

Tesco has signed a deal to regain full ownership of 21 superstores that it owned-jointly with a property investment company.