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.

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,

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.

Budget Latest: WSTA's Miles Beale says Chancellor has given drinks industry "perfect result"

Miles Beale, chief executive, of the Wine & Spirit Trade Association has described the Chancellor's decision to freeze wine duty and cut spirits by 2% as "just about the perfect result" it could have hoped from its Drop the Duty campaign.

Budget 2015: Chancellor cuts duty on cider and spirits by 2% and wine duty frozen

The Chancellor George Osborne has today cut the duty on cider and spirits by 2%, frozen duty on wine and cut beer by a penny a pint for the third year running in his last pre-election Budget.

Prowein 2015: Bibendum PLB uses fair to showcase new multi-channel strategy

The recently combined Bibendum PLB company was able to showcase its new business strategy to the international wine industry at this week's Prowein with 120 of its producers taking part in the show.

Craft beer now used to calculate CPI as sales increase

Craft beer enters the mainstream as it goes in the basket used to calculate inflation for the first time.

Sainsbury's sees like-for-like sales down 1.9% in latest quarter

Sainsbury saw like-for-like retail sales fall 1.9% in the ten weeks to 14 March 2015, as it warned that food deflation is here to stay.

Enotria's move to new warehouse set to boost supplier's flexibilty

Industry welcomes Treasury plans to review business rates

Industry bodies have welcomed the government's ambitious review of business rates, which were laid out today by The Chief Secretary to the Treasury, Danny Alexander.

Drop the Duty!: WSTA thanks industry for support as it waits for Budget Day

Miles Beale, chief executive of the Wine and Spirit Trade Association has commended the drinks industry for uniting behind the WSTA's Drop the Duty campaign and producing a compelling case for a 2% cut in duty.

Barry Dick MW brought on board to help Origin Wine expand its global sourcing footprint

Origin Wine has brought in Barry Dick MW to help the company expand its global sourcing footprint.

Waitrose profits hit by investment and deflation

Waitrose saw operating profits fall 23.4%, on the back of increased investment in operations and amid a deflationary market.

Oakley Wine Agencies grows sales by 20% in face of reduced listings in major multiples

Family run Oakley Wine Agencies, which specialises in Portuguese wines, posted 20% growth over the last 12 months despite facing a challenging trading market with supermarkets.

Aldi launches new 'super premium' range of £10 wines

Aldi is adding a new 'super' premium range of £10 'boutique' wines as it seeks to capitalise on growth from middle class customers.

Morrisons' new boss faces a tough challenge say City analysts

Morrison's results were broadly in line with expectations, City analysts agreed - but incoming chief executive David Potts faces a tough year.

Morrisons posts losses of £792m as 23 convenience stores come into the firing line

Morrisons has posted an annual pre-tax loss of £792m, as total turnover fell 4.9% to £16,816m in the 52 weeks to 1 February 2015.

Independents winning battle against shop crime but alcohol still a major target for thieves

Investing in crime prevention measures like CCTV has seen the number of independent retailers that have been victims of shop theft fall from 91% in 2012 to 74% in 2014, but alcohol still remains one of the major problem areas, according to new figures.

Supermarkets lose £400m in sales as price deflation gives further savings to consumers

Supermarkets are missing out on £400 million in sales as price deflation continues to pick up pace offering further savings to consumers, according to latest figures from Kantar Worldpanel.