TescoGate Live: Analysts take to Twitter in reaction to Tesco's profits black hole

Following Tesco's announcement this morning that profits had been over estimated by £263m resulting in 92% drop to £112m, analysts have taken to Twitter to share their reactions.

Master sommeliers Gerard Basset and Kathrine Larsen flag French wine potential in on-trade

Top sommeliers Gerard Basset and Kathrine Larsen say the on-trade needs to trust staff, not be afraid to have a French wine as the house offering, and tell compelling stories in order to boost sales in the category. 

TescoGate results video: Chief executive Dave Lewis in his own words

Tesco's chief executive is looking to "re-energise" the company following the "body blow" of its financial scandal, but has so far revealed scant detail of his plans.

Australia's McWilliam's Wines buys back Gallo shares

Australia's McWilliam's Wines Group has returned to 100% family ownership after buying the remaining shares owned by E&J Gallo.

TescoGate Live: Serious Fraud Squad watching profits black hole inquiry with "interest"

The Serious Fraud Squad has said today it is "following developments at Tesco with interest" on the back of news that the profits black hole at the UK's biggest supermarket is higher than first thought.

Pernod Ricard returns to growth in Q1 despite wine sales decline

Pernod Ricard returns to growth in Q1 with organic sales increasing 2% and sales totalling €2,037 million despite the company's Priority Premium Wines category posting a 3% decline in net sales.

TescoGate Live: Profits blackhole worse than feared as pre-tax profits fall 92%

The sales crisis at Tesco is even worse than first feared with a 92% drop in pre-tax profits for the last six months, an even larger profits black hole than first announced and a blunt admission from new chief executive, Dave Lewis, that it has its work cut out to win back the trust of its customers.  

Vin de France has driven 'important growth' for French wine

The creation of the Vin de France category has driven "important growth" in French wine exports as well as acceptance among younger consumers, Harpers France Summit heard.

TescoGate: Retailers will take greater care of suppliers now "genie" is out of bottle

The TescoGate accounting crisis means retailers will take greater care in their dealings with suppliers, now the "genie is out of the bottle", experts have told Harpers.co.uk.

Ex- Gonzalez Byass marketer Jeremy Rockett starts own business

Former González Byass marketing director Jeremy Rockett has set up his own business, Rockett Science, advising wine firms on their marketing.

Harpers French Wine Awards celebrate champions in the UK trade

The second annual Harpers French wine awards were held at the conclusion of yesterday's France Summit 2014 in London and recognised those people and business which are championing French wines in the UK trade.

Graham's solves problem of vintage Port gift giving

Vintage Port lovers can now mark significant dates, such as births or weddings, with a pre-ordered Graham's Port for the year of their choosing.

Tesco's woes continue with further drop in sales as Waitrose hits record market share

Tesco continues to lose market share to its grocery rivals at both ends of the retail spectrum, according to the latest figures from Kantar Worldpanel which reveals that Waitrose achieved its record performance for the last 12 weeks of trading.

Local retailers take call for changes to business rates to Westminster

Local retailers from across the country are descending on Westminster today to fight their corner for improvements in the system of business rates.

France's "biggest opportunity" in wine is online, say experts

France is in "pole position" in the online wine market - which represents the country's biggest opportunity going forward.

Virgin Wines ramps up focus on home wine tastings as sales rocket

Virgin Wines is turning the spotlight onto home wine tasting parties by adding new recruits and rebranding from Fabulous Wines to Wines at Mine after seeing sales grow 54% in the past year.

Matthew Clark sees British drinks soar in popularity

On-trade drinks supplier Matthew Clark has seen sales of English wines soar by 53% in the past year, with home-grown beers and spirits following suit.

Leading lights of UK wine trade gather for today's Harpers France Summit

Leading figures from all channels of the wine trade will be today taking part in the second Harpers France Summit to look at ways in which retailers, restaurants, distributors and importers can make the most of French wine in the UK.

H2Vin boosts fine wine focus with two new recruits

Moody's predicts continued shrinking profit margins for UK's big four grocers

Moody's, one of the biggest international credit rating agency, predicts that Tesco, Sainsbury's, Asda, and Morrisons will see continued to see dwindling profit margins over the next 12 to 18 months.