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.
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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.
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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%.
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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.
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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.
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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.
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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".
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Virgin Wines celebrated its best month in its 14-year history in July, as its web sales grew 22% year on year.
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Leading light of the global wine trade Baroness Philippine de Rothschild, head of the Rothschild family dynasty, has died aged 80.
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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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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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Treasury Wine Estates posted a net loss of AUD$100.9 million with net profits tanking, down by 33% for the year to June 30, 2014.
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Farr Vintners has bought Magnum Fine Wines for an undisclosed sum as owner Alan Rayne has retired from the wine trade.
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Angel investor firm Distill Ventures will double the number of places available in its accelerator programme that helps new and growing spirits entrepreneurs launch and expand their brands and businesses.
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Both Tesco (LSE:TSCO) and Morrisons (LSE: MRW) stocks rate of return have declined by nearly 30% over the past year, further signalling the challenges that middle priced grocery chains are facing in the supermarket price wars.
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Constellation Brands announced last week its plans to acquire the Casa Noble Holdings tequila brands
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Mike Veseth, the celebrated US wine economist and blogger, has dismissed the idea that the dynamics of the wine industry are different to the challenges faced by other business sectors.
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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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Morrison Bowmore Distillers, a subsidiary of Beam Suntory, and Glenmorangie Company, part of LVMH, both saw sales and profits grow last year, only further confirming the "hot" streak that whisky is currently having
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