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.

Borough Wines: why its customers can't stop coming back

Borough Wines are on a mission. And that mission is well and truly making its home in west London with the opening, earlier this year, of its latest outlet in Kensal Rise.

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.

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.

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.

Over 200 wineries head for Amsterdam's expanded World Bulk Wine Exhibition

Up to 200 wineries will be heading to Amsterdam next month for the sixth annual World Bulk Wine Exhibition.

TescoGate will rock trust and confidence in all grocery multiples warn retail analysts

Leading City and retail analysts fear consumers will be "horrified" by the fall-out from  the Tesco accounting scandal which could have a knock-on effect on consumer confidence of not only the UK's biggest supermarket but across all major grocery retailers.

TescoGate will lead to 'seismic change' in retailer/supplier relations, says Angela Mount

Ex-Somerfield head wine buyer Angela Mount says the Tesco accounting scandal has lifted the lid on how retailers treat suppliers and given suppliers the "strength to speak out".

TescoGate will see end to "dodgy practices" and a reformed grocery sector, predict analysts

The grocery retail sector will never be the same again in the wake of the TescoGate accounting scandal now the lid has been lifted over supermarket and supplier relations.

TescoGate Special Report: how will retailers and suppliers work together in the future

Leading analysts and trade experts are divided over whether the Tesco accounting scandal will have ramifications for the wider trade. Some say there will be "no change whatsoever" in the retail landscape, while others say the change will be "seismic".

Angela Mount: TescoGate - lifting the lid on supplier/retailer relations

Angela Mount, ex-Somerfield buyer, gives her view on what is happening at Tesco and other major retailers as a result of the financial scandal and director suspensions.

TescoGate: Supermarket is rudderless and 'fighting fires' in wake of suspensions

The suspension of Dan Jago, head of wine, and seven other directors at Tesco has left the retailer rudderless and "fighting fires" as it heads into Christmas and the busiest trading period of the year.

Leading suppliers take the initiative to promote Best Practice Guidelines

TescoGate analysis: What next for suppliers and grocery multiples

Wine suppliers call for clarity over where multiples are headed next, as the Tesco scandal claims its first wine executive.

TescoGate latest: Suppliers reel from Jago suspension

Tesco wine suppliers are reeling and calling for steps to be taken to bring confidence back to the supply base following the news that global BWS director Dan Jago has been suspended.

Tesco's Dan Jago suspended as investigation into £250m profit overstatement continues

Dan Jago, Tesco's global head of wine, beer and spirits, has been suspended along with two other directors as the investigation into the £250 million accounting blackhole at the retailer continues.

Sparkling wine sales up 15% in last year, says Kantar

Sparkling wine is the fastest-growing alcohol in Great Britain, with sales up by 15% to £541 million in the past year in the off-trade, according to figures from Kantar Worldpanel.

The Week That Was: top news, Q&As and opinion on Harpers.co.uk

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.