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Wine
Page 2 of Wine news, latest stories & analysis
Democrat Europe or Anti-Trump Europe?
Financial markets wait for the most important event of the trading year to unfold – the U.S. elections. If the pandemic were not enough to bring uncertainty in financial markets, the American elections contribute to it as well. For this reason, there is little or no action in the markets.
October 16, 2020
Ferguson’s May to July sales tank 0.6% in the U.S.
Ferguson (LON: FERG) said on Friday that its sales in three months from May to July came in 0.6% lower at its main operations in the United States on a year over year basis. In comparison, its sales were down by 9% in April. The company attributed the improvement to…
July 24, 2020
Constellation Brands reports a 6% year over year increase in first-quarter sales
Constellation Brands Inc. (NYSE: STZ) released its quarterly financial results on Wednesday that topped analysts’ estimates for profit and sales in the first quarter. The company attributed its success to higher than expected demand for wine and spirit in the recent quarter. Beer sales, it said, were weighed in Q1.
July 1, 2020
Naked Wines reports an 81% increase in sales as COVID-19 restricts people to their homes
Naked Wines (LON: WINE) said on Wednesday that its sales in the last two months (April and May) came in 81% higher versus a year ago. The company attributed the unparalleled increase in revenue to the Coronavirus pandemic that restricted people to their homes and fuelled orders from British households.
June 24, 2020
Diageo suspends share buybacks and withdraws full-year guidance on Coronavirus uncertainty
Owing to the rising uncertainty ascribed to the Coronavirus pandemic, Diageo PLC (LON:DGE) withdrew its full-year sales and profit forecast. The largest spirits maker in the world also announced its £4.50 billion share buyback program suspended for the rest of 2020. The company further added that the nationwide lockdowns that…
April 9, 2020
Constellation Brands releases an upbeat earnings report for the fourth quarter
Constellation Brands (NYSE:STZ) released its quarterly financial results on Friday which topped the analysts’ estimate. Despite the stronger than expected earnings report, the international beverage company declined by around 7% in the stock market in the morning session. Much of the loss was later regained in the day with the…
April 4, 2020
U.S increases tariffs on EU imported aircraft to 15% from the previously levied 10%
In its announcement on Friday, the U.S government declared that EU imported aircraft will now be subject to increased tariffs of 15% from the previously levied 10%. Trump Administration has been in a battle with the EU over unfair subsidies to the world’s largest airplane manufacturer since 2019. The…
February 16, 2020
French wine to face 100% tariffs as Trump confronts France over taxes on tech companies
On Monday the U.S. President Trump said that new French tax hit American technology companies. He said France’s move was against the U.S. – a declaration that could lead to retaliatory tariffs as high as 100% on French wines.The retaliation could also jeopardize international efforts to negotiate a truce on…
December 3, 2019
U.S Imposes Punitive Tariffs On EU Goods
While much of the world is focused on the U.S – China trade war, not many realize that Trump administration has also waged a tariff war with the European Union (EU) as well. Ever since the case for Airbus receiving illegal subsidies from the EU was brought to…
October 4, 2019
Investing In Wine – Exercise Caution Ahead
Among the myriad alternative investment products which have come to prominence since the onset of the global financial crisis made dangerous terrain of the traditional stocks and bonds markets, with everything from rare earth minerals to carbon credits getting a run, are wine investments. But not…
June 12, 2015
International Competition Draws Attention To Investing In Wine Down Under
Inaugural Hong Kong Wine Fair Sees Australian Wine Besting The Best From France and California
February 11, 2013
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