Morrisons and Waitrose are the most recent losers of the fierce supermarket price wars that have erupted across the UK in the last year. WM Morrison reported just over a 30% decline in half-yearly profits on Thursday, while Waitrose which had remained relatively unscathed by the competition, reported a 9.4% drop in profits for its half yearly results.
Read more...Seckford Agencies has seen sales grow by 10 to 15% in the past year, says director David Cartwright.
Read more...Tesco's UK and group wine director Dan Jago is to increase his responsibilities with the addition of the beer and spirits portfolio.
Read more...Diageo is looking to harness the power of tech start-ups with its new Diageo Technology Ventures, in the hopes of identifying growth opportunities.
Read more...The Great British pound sterling hit a five-month low of against the US dollar to close last week at 1.632 GBP/USD following reports of increased support for Scottish independence.
Read more...Leading English winery, Chapel Down, is continuing to drive its growth by looking for private investors to support it through a crowdfunding scheme.
Read more...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.
Read more...Paying suppliers late is now seen as part of normal business practice by many international companies, according to a new study.
Read more...Despite taking a 23% hit in China, according to Pernod Ricard's year-end financial results, the company is still "extremely optimistic" about the potential of the Chinese market moving forward.
Read more...Treasury Wine Estates announced that it would most likely be postponing its Annual General Meeting (AGM) that is scheduled to be held on 30 October, 2014 to a later date so shareholders could vote the same day as the AGM to potentially consider a possible takeover.
Read more...Tesco's stock tumbled 8.0% in early trading today as the company issued a second profit warning this year and announced it would be cutting its dividend by 75%.
Read more...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.
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Brown-Forman's income increased by 7% despite sales not growing at the same rate as last year, said the company as it reported its first financial quarter results for the three months ending July 31 2014.
Read more...Sales for the 2014 financial year declined by 7% to €7,945 million due to a unfavourable foreign exchange rates and the Chinese market taking a -23% hit according to Pernod Ricard's annual financial report.
Read more...Stock Spirits saw revenues fall by 10% to €137.7 million as a 15% hike in Polish excise duty hit consumption levels in the six months to June 30.
Read more...A host of the biggest names in Scotch whisky have signed an open letter warning that the business case for Scottish independence "has not been made".
Read more...Virgin Wines celebrated its best month in its 14-year history in July, as its web sales grew 22% year on year.
Read more...Leading light of the global wine trade Baroness Philippine de Rothschild, head of the Rothschild family dynasty, has died aged 80.
Read more...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.
Read more...There are signs that an improving economy are finally being seen in pay packets and salary increases across the country, according to new research from pay specialists, XpertHR.
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