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Strong sales figures from Pernod Ricard add to pressure on Diageo

Published:  22 October, 2015

Pernod Ricard is reporting solid growth for the three months to September 30, 2015, according to figures released today.

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The Smith Report: Hiring qualified candidates is tough out there

Published:  12 October, 2015

With the employment rate in the UK higher than it has been in decades, hiring and retaining good employees has never been tougher.

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US beer business is the shiniest star for Constellation as it posts 21% increase in earnings

Published:  08 October, 2015
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Improved AB-Inbev bid not enough to tempt SAB Miller board

Published:  07 October, 2015

SAB Miller seems certain to reject an improved offer for the company from AB-Inbev.

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Conviviality completes Matthew Clark acquisition and confirms change of name

Published:  07 October, 2015

Bargain Booze and Wine Rack owner Conviviality Retail has completed its £200 million acquisition of Matthew Clark.

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Tesco boss claims 'sustained improvement' but first-half profits fall by 54%

Published:  07 October, 2015

Tesco saw group operating profit before exceptional items fall by 54.6% to £354 million in the 26 weeks to August 29.

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Diageo strategy to release non-core assets brings sale of Red Stripe lager stake to Heineken

Published:  07 October, 2015

Diageo has handed over control of Red Stripe lager to Heineken by selling its stake in the Jamaican brand owner Desnoes & Geddes.

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Mikells takes Xerox executive to become its chief financial officer

Published:  06 October, 2015

Diageo has appointed Kathryn Mikells as chief financial officer with effect from November 9, replacing Deirdre Mahlan.

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Sainsbury's edges back into growth in second quarter

Published:  30 September, 2015

Sales at Sainsbury's nudged into growth in the second quarter of its current financial year.

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Ocado records quarterly sales rise of 15.3% and 27,000 more orders per week

Published:  15 September, 2015

Online grocery operation Ocado has reported a 15.3% rise in its own retail sales in the 12 weeks to August 9, to £252 million.

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The Smith Report: Potential impacts of China's economic slow down

Published:  11 September, 2015

As the Chinese economy slows down people are bracing for a global slump, but what are the potential impacts if any to the global wine and spirits trade?  

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Morrisons follows c-store disposal by revealing falling profits and store closures

Published:  10 September, 2015

Morrisons has followed yesterday's deal to sell-off of its convenience store business by reporting a 35% fall in profits and the announcement of a further 11 store closures.

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Conviviality Retail confirms £200m deal to buy Matthew Clark

Published:  08 September, 2015

Conviviality Retail has confirmed a deal to buy Matthew Clark from Accolade Wines and Punch Taverns for £200 million.

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Average profits up in Punch Taverns pubs after non-core disposals

Published:  02 September, 2015

Punch Taverns says it has seen the benefit of a disposal programme of non-core pubs with average profits per outlet up 4% across its estate.

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Champagne provides some fizz for Pernod Ricard as annual sales nudge ahead by 2%

Published:  27 August, 2015

Champagne and Irish whiskey were among the main drivers of global growth for Pernod Ricard in 2014/15, though the spirits giant turned in only a modest overall sales increase of 2%. The company described the performance as "solid".

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Brown-Forman sales take 2% hit in Q1 on back of currency woes

Published:  27 August, 2015

Jack Daniel's producer Brown-Forman reported a 2% decline in net sales to US$900 million (£581.2 million) in the first quarter, to July 31, after being hit by currency exchange fluctuations.

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Stock Spirits faces profit slump after torrid spell in Poland

Published:  21 August, 2015

Market disruption in Poland in the first quarter brought about a slump in revenue and profits for Stock Spirits in the half-year to June 30.

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Export markets 'tough' but South Africa's Distell posts 10% rise in annual revenue

Published:  20 August, 2015

The South African wine producer and owner of Scotland's Burn Stewart Distillers has posted a 10.4% increase in revenue in the year to June 30.

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Reduced focus on 'unsustainable volume' in UK hits Treasury Wine Estates' European figures

Published:  19 August, 2015

Australian wine giant Treasury Wine Estates saw its earnings in the Europe, Middle East and Africa region cut in half in the year to June 30, as the company sought to move away from low margin business in British supermarkets.

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Asda 'on right strategy' says boss Clarke despite 4.7% fall in sales

Published:  19 August, 2015

Asda chief executive Andy Clarke has branded a 4.7% fall in like-for-like sales as "disappointing" but indicated he expected it to be a blip.

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