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The Wine Society pledges to hold majority of its wine prices

Published:  13 April, 2023

In what has been described as, “an industry first”, online wine retailer The Wine Society has announced it will work with its members to prevent price increases. 

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Pacific trade pact overshadowed by domestic pressures, says WSTA

Published:  31 March, 2023

Confirmation that the UK has signed up to the Asia-Pacific trade pact will open new markets down the line for some in the drinks trade, but will offer little sustenance in the short term.

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Rise and rise of inflation leaves business with difficult choices

Published:  24 March, 2023

UK industry has been left reeling once again following another inflation spike and subsequent interest rates hike, as the ever-increasing price of food and drink continues to stretch the nation’s purse strings as well as the cost of its collective shopping basket.

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Prowein 2023: The Harpers rundown

Published:  22 March, 2023

Innovation, sustainability, organic wine and the ‘immediacy’ of embracing alternative formats were common threads which ran throughout this year’s Prowein, as the event descended once more for a predictably rainy yet bustling three days in Düsseldorf.

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Fine wine favoured over gold during economic uncertainty

Published:  22 March, 2023

Amidst rising inflation and a looming recession, investors will be keen to diversify their portfolios to mitigate today’s uncertain economic landscape.

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Budget misery for UK drinks trade

Published:  15 March, 2023

The trade is facing what has been dubbed a ‘double-pronged tax hike’ following the UK’s Spring Budget earlier this week (15 March), with the freeze on alcohol duty increases to end on 1 August 2023.

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‘Super stealth tax’ looms via Spring Budget

Published:  14 March, 2023

Industry heads are warning that wine drinkers could face rocketing prices if the chancellor goes ahead with a double-pronged tax hike, likely to be announced at tomorrow’s Spring Budget.

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Liv-ex records modest growth in fine wine trades despite overall slump

Published:  06 March, 2023

Fine wine ‘guru’ Liv-ex continues to present a picture of a global market in stagnation, albeit there was some positive movement in February 2023.

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Pernod Ricard's H1 sales grow by 12%

Published:  16 February, 2023

Pernod Ricard, the world’s second-largest wine and spirits seller has announced a 12% increase in sales for H1 FY23.

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December was worst month for UK restaurant closures in four years

Published:  14 February, 2023

UK restaurant company insolvencies in December of last year were the highest in at least four years says Mazars, the international audit, tax and advisory firm. 

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Pub and bar company insolvencies jump by 83% in past year to 512

Published:  13 February, 2023

Insolvencies of pub and bar companies have increased by 83% in the past year, from 280 in 2020/21 to 512, says UHY Hacker Young, the national accountancy group.

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Scotland’s tidal wave of challenges

Published:  10 February, 2023

From the Deposit Return Scheme to a new consultation paper on restricting alcohol advertising, the Scottish drinks industry faces a barrage of problems. James Bayley reports.

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Premium English sparkling wine producer, Gusbourne, reports significant sales growth in 2022

Published:  01 February, 2023

Gusbourne, the Kent and West Sussex-based premium sparkling wine producer, has reported significant sales increases in its unaudited trading update for the 12 months to 31 December 2022.

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Burgundy 2021: A car crash waiting to happen?

Published:  27 January, 2023

Burgundy 2021 is what happens when you invest in an agricultural product that is dependent on environmental circumstances outside of the control of growers, merchants and buyers alike.

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Diageo announces 18% sales growth in 2023 interim results

Published:  26 January, 2023

The British multinational alcoholic beverage company, Diageo, has reported net sales of £9.4 billion in the half-year ending 31 December 2022, an increase of 18.4% on the same period in 2021.

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Cult Wines posts more positive outlook for Burgundy and Champagne

Published:  13 January, 2023

Fine wine investment platform, Cult Wines, closed 2022 with a ‘positive end to the year’, the company has revealed, with its Cult Wines Global Index concluding the 12 months with a 20.54% gain.

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Inflation survey: squeezed in the middle

Published:  13 January, 2023

With inflationary pressures bearing down and the cost of living crisis biting, Harpers invited indies to respond to our Dealing with Price Inflation survey, to build a picture of how merchants are coping and what increases are being introduced. Andrew Catchpole rounds up the feedback.

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Virgin Wines announces 'disappointing' profitability performance

Published:  12 January, 2023

Virgin Wines, one of the UK’s largest direct-to-consumer online wine retailers, has published its trading update for the six months ended 31 December 2022.

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Business energy support to reduce from March government announces

Published:  11 January, 2023

The goverment has announced a new energy support for businesses that will take effect from 1 April 2023, although at a lower rate than the present scheme. 

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Majestic announces second-biggest Christmas trading results

Published:  10 January, 2023

Majestic, the UK’s largest specialist wine retailer, has announced its second-biggest Christmas trading performance in history.

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