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25 October, 2014

Creative accounting 'no surprise' in retail

Former buyers have spoken out about the culture of “creative accounting” across the big retailers and warned more could have their practices scrutinised in the wake of the financial investigation at Tesco.

Portsmouth council has attacked retailers for failing in their responsibilities and warned that “selling alcohol is a privilege, not a right”.

European wineries unite

24 October, 2014

Nine wineries from across Europe have joined forces to promote the Old World’s heritage through a series of collaborations.

Tesco profits drop 92%

23 October, 2014

Tesco chairman Sir Richard Broadbent is to step down after the supermarket revealed the “black hole” in its accounts was even bigger than had been suspected and saw pre-tax profits plummet 92%.

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Diageo aims to grow its luxury reserve portfolio from 12% of the business to 20% after launching the £45 rrp Haig Club whisky in partnership with David Beckham.

Rioja must hold price

23 October, 2014

Deep discounts risk denting the image of Rioja and wineries should resist cutting prices to shift surplus wine, according to Marques de Riscal.

Pernod Ricard posted a 1% sales dip in Europe during the first quarter of the 2014/15 financial year.

Asda has been forced to recall its own-label Prosecco Spumante Extra Dry after bottles started exploding in stores and in customers’ homes.

Australian wine producer McWilliam’s is 100% family-owned once more after buying the remaining shares held by E&J Gallo.

Heineken blamed wet weather for a 4.1% drop in revenues for Western Europe during the third quarter of 2014.

Brewdog will serve 16 collaboration beers made in partnership with local breweries at each of its bars across the UK as its craft beer festival returns on October 25.

Rockers Status Quo have passed a million sales for the first time since the 1970s after the millionth pint of the bands Piledriver ale was downed this week.

The WSTA has urged the government to freeze duty on alcohol after the Republic of Ireland halted drinks tax rises in its latest Budget. 

New look for Rudgate

17 October, 2014

North Yorkshire-based craft brewery Rudgate has given its bottled ale range a revamp.

Greene King has teamed up with Tesco to release four bottled beers designed to cater for growing interest in specialist brews and new flavours.

Babycham has added two flavoured variants to its range for the first time.

Pernod Ricard has chosen three brands – Jameson, Chivas Regal and Brancott Estate – to focus its marketing efforts on in the run-up to Christmas.

The advertising watchdog has warned Diageo that future marketing must not appeal to children after it banned a Parrot Bay ad that was deemed to “appeal strongly to under-18s”.

William Grant has bolstered its advocaat range by launching Warninks White, a vodka liqueur with flavours of white chocolate and mint.

Tesco has confirmed it has suspended global head of BWS Dan Jago over the £250 million accounting scandal.

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