Trade associations from across the UK food and drink supply chain have come together to publish a letter, calling on governments to ensure the continuation of imports and exports of food and drink at this critical time.
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In its latest series of market insights, Wine Intelligence has highlighted five focus areas for wine marketeers to consider as companies battle through the extreme challenges thrown up by the Covid-19 pandemic and the developing recession.
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Global trader BI Fine Wine & Spirits has reported that its volume sales of high-end wine and rare whisky to Asia jumped 25% in March as Chinese buyers returned to the market.
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Naked Wines has announced it expects revenue for FY20 to be in excess of £200m, slightly ahead of current consensus.
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Treasury Wine Estates (TWE) and Penfolds are considering going their separate ways, with the latter set to be split off into a separate company to pursue global expansion into luxury beverages.
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The WSTA has written to the Chancellor outlining 3 steps the government can take with immediate effect to offer support to wine and spirit businesses during the coronavirus (Covid-19) crisis.
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Independent drinks wholesaler LWC Drinks has flipped reinstated staff to furlough saving part of the 220 people the business made redundant prior to the government’s business rescue scheme being announced.
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The Food and Drink Federation has announced a new partnership with recruitment app Syft in response to the ongoing coronavirus crisis.
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Almost 95% of companies taking part in a new members survey by the WSTA have agreed with the industry body’s call on the government to suspend excise duty for six months.
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Significant restructuring at Armit Wines following new MD Brett Fleming’s appointment has seen improved performance, stemming a decline in the second half of FY2019 with far reaching change to its business strategy.
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Chancellor Rishi Sunak has confirmed that the government will cover the wages of self-employed workers up to £2,500 a month – matching what was offered to staff employees last week.
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Legal advice has been issued to drinks businesses who are now looking to rely on the government’s promise to cover 80% of salaries (up to a limit of £2,500) a month to furloughed members of staff during the current coronavirus (Covid-19) health crisis.
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Information for businesses on how to access the Chancellor's various support packages can be found at www.gov.uk
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The government has confirmed that it has extended the residential moratorium on lease forfeiture and debt enforcement to commercial leases.
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As the on-trade shuts down, suppliers and hospitality operators are continuing to press government and banks on the speed with which relief measures are needed by the trade.
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Socialising in groups and travelling for non-essential reasons is no officially a no-no the government has said as it introduces stricter measures for dealing with the spread of coronavirus (Covid–19).
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By January 2021, when Brexit comes into force, WSTA, the UK’s drinks lobby group, will no longer be a member of the pan-European wine trade body, CEEV. But ahead of further UK-EU trade talks, the two bodies are uniting once more to lobby for the continued smooth trade of wine across the English Channel.
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Pernod Ricard has expanded its ‘super’ premium spirits portfolio with an undisclosed investment in bergamot-infused Italian aperitivo Italicus.
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Duty on wines, spirits and beers is to be frozen, new Chancellor Rishi Sunak announced in today’s budget, allaying trade fears of another rise in line with inflation.
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Government’s post-Brexit default adoption of EU regulations will pile further costs on indies, specialist importers and on-trade. Andrew Catchpole unravels the flaws in its proposed trading position
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