Business & Finance - Harpers Wine & Spirit Trade News

Sparkling to be worst affected by triple whammy of price pressures

Published: 14 February, 2017

It's Valentine's Day, which means consumers will be spurring on the nation's love of sparkling wine by heading to fizz shelves today.

Record half-year global profits at TWE, but Brexit costs lead to category decline in the UK

Published: 14 February, 2017

Treasury Wine Estates (TWE) is on its way to exceeding its 2016 full-year profit, having reached 75% of last year's full-year profit after tax while only half way through the year.

Jerry Lockspeiser: That's your bloody GDP. Not ours.

Published: 10 February, 2017

Mark Carney, the Governor of the Bank of England, recently announced an increase in the annual growth forecast for the UK economy from 1.4% to 2%. But things may not be as good as they sound.

Asia and the US drive 4% organic growth for Pernod Ricard

Published: 09 February, 2017

French spirits group Pernod Ricard has beaten analysts' expectations for its half year results, boosted by sales Irish whiskey in the US and overall sales in China.

Upmarket grocer Booths sees returns on own label re-brand

Published: 03 February, 2017

Regional grocer Booths has seen sales of its own label grow following a re-development.

Conviviality reports soaring half year profits

Published: 30 January, 2017

Conviviality, the UK's largest drinks distributor, has reported triple digit growth in its half year results, issued today.

Tesco buys Londis and Budgens owner Booker for £3.7bn

Published: 27 January, 2017

Tesco is set to merge with Britain's biggest food wholesaler Booker in a £3.7bn deal to create "the UK's leading food business".

Record-breaking year for gin makes it the success story of 2016, says WSTA

Published: 09 December, 2016

2016 has proved to be a record-breaking year for gin, with end of year sales continuing to soar.

Slow growth at Ocado fails to impress investors

Published: 08 December, 2016

The future is still uncertain for online grocer Ocado which has just released its final quarterly sales figures for 2016.

Innis & Gunn crowdfunding round raises double its target

Published: 30 November, 2016

Edinburgh-based Craft brewery Innis & Gunn has raised £2.5 million through a four-week crowdfunding campaign - more than double its original target.

Vinisud goes annual

Published: 28 November, 2016

The trade tasting which puts wines of the Mediterranean in the spotlight has become annual fixture on the international's trade's calendar.

Remy Cointreau re-bounds with 7% sales growth

Published: 24 November, 2016

Top Cognac producer Remy Cointreau has reversed its fortunes after a difficult 2015.

WSTA challenges "misleading" government projections on wine consumption

Published: 22 November, 2016

The government is relying on misleading projections for wine consumption to make decisions on alcohol duty, the Wine and Spirit Trade Association has claimed.

Majestic at "tipping point" as sales rise but profits fall

Published: 17 November, 2016

Majestic faces a challenge to turn sales into profit if they are to deliver their target of £500m in sales by 2019.

Discounter growth dips to lowest point since 2011

Published: 16 November, 2016

Sales growths across discounters Aldi and Lidl have hit their lowest level in five years as the supermarkets - led by Tesco - continue to fight back.

Scottish minimum pricing to impact over half of alcohol sales, while wine and premium spirits could benefit

Published: 15 November, 2016

Wine and premium brands could be the big winners of Scotland's impending minimum price legislation, it has been revealed.

Fever Tree sees strong growth in demand for premium mixers

Published: 08 November, 2016

Premium tonic water producer, Fever Tree, is in line to jump ahead of predictions in the second half of 2016, with analysts predicting full-year UK sales growth of 95%.

M&S to close 60 clothing and home stores but grow its Simply Food chain

Published: 08 November, 2016

Marks & Spencer is planning a major re-structure to focus on its food and drinks offering, after profits plunged 88%.

"Biggest ever" Halloween boosts sales at Morrisons

Published: 03 November, 2016

High street retailer Morrisons saw a boost to its seasonal trading sales thanks to Halloween, where sales are up 20% year-on-year.

Revenues double at Conviviality following "transformational" year

Published: 01 November, 2016

Conviviality Plc has reported strong growth across all three of its new business units, formed following the acquisition of Matthew Clark and Bibendum PLB.