Wine and spirits sector hits back at tax as duty revenues fall
The wine and spirits sector has hit back against what the Wine and Spirit Trade Association (WSTA) called “the UK's uniquely punitive excise duty regime”.
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The wine and spirits sector has hit back against what the Wine and Spirit Trade Association (WSTA) called “the UK's uniquely punitive excise duty regime”.
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This summer, organisations across the UK wine industry will take part in ‘The Curious Vines Change Series’, a number of initiatives created by the organisation which aim to create practical, collective action on inclusivity.
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A new study from UK-based card payment provider Dojo has found that hospitality businesses’ operating costs have been hit harder by inflation than any other sector over the past decade.
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French drinks giant Pernod Ricard has detailed its Q3 performance with a flat quarter (+0.1% organic sales growth) stymied by continued challenges in the Chinese and US markets. Excluding these two markets organic sales growth sat at +5%.
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Alcohol-free social impact business Club Soda has launched what it claims is the first ‘benchmarking’ survey of the low, no and mid-strength sector, aimed at gathering data to inform government policymaking. The survey is open to low & no brands, to ensure that they get a voice.
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According to preliminary data released today by the IWSR, total beverage alcohol (TBA) volume declined in 2025 by -2% across 22 markets – representing about 75% of the global market.
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Importer Alliance Wine/H2Vin has earned the ISO 14001:2015 certification for its UK operations, achieving a flawless audit from the British Measurement Bureau on its first attempt.
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Mike Nesbitt, the health minister for Northern Ireland, has said that he will be unable to deliver minimum unit pricing (MUP) before the Stormont election in May 2027, as reported by the BBC.
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New proposals to introduce a tourist levy in England could deliver a £1.6bn tax hit to consumers while shrinking the wider economy and reducing employment, according to UK Hospitality.
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Over 100 workers at glass bottle manufacturer Encirc’s Elton site have announced strikes (from 28-30 March and from 3-7 April) over redundancy proposals.
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Chilean wine heavyweight Viña Concha y Toro has seen its overall revenue increase by 1.7% for its 2025 financial year. When zooming in on the wine portion of its business this figure rises to 2.8%.
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Leading online wine retailer Virgin Wines has announced that it is still on a positive track, with revenue for January and February up 12% year-on-year.
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Auction house Sotheby’s has released its Wine & Spirits Market Report for 2025, detailing an overall growth in auction sales and a shift towards younger buyers.
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Drinks giant C&C Group – owner of Matthew Clark and Bibendum – has bought Scottish brewer Innis & Gunn's brand in a pre-pack administration for £4.5m.
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Italian drinks company Campari Group has unveiled its 2025 financial results (year ending 31 December). The 2.4% organic sales growth seen during the year contrasts to other drinks giants which have struggled in recent times.
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Ahead of National Careers Week (2-7 March 2026), Sussex-based Plumpton College has launched a push for those looking for a new career to consider a future in wine.
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Diageo has unveiled its results for the first half of the financial year up to 31 December 2025, with the company reporting declining sales. Organic net sales were down 2.8% while it has set a new minimum floor for its dividend of 50 cent per year, which compares to the 103.48 US cents per share it paid out for FY25.
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Canned Wine Group has announced that one of its founders, Ben Franks, has been appointed CEO of the company, as the business shifts to a new strategic direction with a focus on increasing UK growth.
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Following the striking down of Trump’s tariff regime by the Supreme Court, the US president announced on Saturday (21 February) that he would introduce a global tariff rate of 15%. This could provide yet another headache for UK drinks exporters who may see duties on products travelling across the pond rise.
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French drinks heavyweight Pernod Ricard saw a 5.9% decline in organic sales to €5.25bn in the first half of its financial year. Declines were most concerning in the US and Chinese markets, falling 15% and 28%, respectively.
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