Majestic shares dip despite 20% profit rise
Despite profits being up 20% at the beginning of the period, Majestic shares dipped slightly this week as the wine retailer announced a cooling off of trading in recent weeks.
Adam Lechmere is consultant editor of Club Oenologique among other things.
Formerly launch editor of Decanter.com, which he edited until 2011, he has been writing about wine for 20 years, contributing to Decanter, World of Fine Wine, Meininger’s, the Guardian and many others. Before joining the wine world he worked for the BBC, and as a music and film gossip journalist.
Despite profits being up 20% at the beginning of the period, Majestic shares dipped slightly this week as the wine retailer announced a cooling off of trading in recent weeks.
A new investment guide highlighting the pitfalls and dangers of wine investment has been launched by the UK Wine and Spirit Trade Association.
Sogrape, Portugal's largest wine company, has made a full acquisition of wine merchant Stevens Garnier.
Oddbins has published the results of a survey in which it asked its customers to set their own price for three wines tasted blind.
An asset management company is offering what it claims are the world's first pure wine investment loans.
Wine producers in Napa are counting the cost of the bizarre weather patterns this year.
Opponents of California's ban on foie gras - which comes into effect next year - are looking to challenge it as a violation of the US Constitution.
While the market for the very top end of Bordeaux is correcting itself in China, interest in the lower end is increasing, Bordeaux negociants say.
A new online store dedicated to Hungarian wines is about to open – with what its founders claim is the biggest Hungarian list in the UK.
Gonzalez Byass has announced the launch of a new range of sherries - the Fino Palmas range.
Some £600,000 of wine has been obtained through identity theft in the UK over the past six months, police have warned.
Bottles of whisky from long-demolished distilleries can be as solid as wine as an investment, the Financial Times says.
Synthetic cork manufacturer Nomacorc has launched a software tool that claims to allows winemakers to tailor the closure to a specific wine.
Veuve Clicquot will declare fewer vintages in the future, its chef de caves has said.
Premium Australian producer Wolf Blass will drive to promote its icon wines under its new owner Treasury Wine Estates.
A month after the word was banned by UK food bible The Good Food Guide, a gastropub has been awarded two Michelin stars.
The Australian show system is holding good wines back and promoting boring wines, winemaker Rick Kinzbrunner says in the latest issue of Decanter.
Shares in Constellation Brands jumped nearly 9% yesterday as the company announced profits up 78% in the second quarter of this year.
Rock legends Motörhead have released their own wine, an Australian Shiraz loaded with attitude – as well as fruity aromas and rounded tannins.
The Masi prize has just celebrated its 30th anniversary with awards to an actor, a restaurateur, a scientist, a Canadian writer and the founder of a medical charity in Africa.
The English wine harvest has started in summer-like temperatures – and producers are delighted with the quality of the crop.
A series of events worldwide are being planned to celebrate International Grenache Day tomorrow.
The 2009 Cru Bourgeois listing has been announced - and at the same time officials are deciding whether to tweak the system, now in its second year.
Some of the most experienced figures in the sparkling wine world will be speaking at the International Sparkling Wine Symposium 2011.
A group of Australian health bodies has attacked what it calls the ‘myth’ that red wine can have health-giving properties.
Senior members of the South African wine community have condemned the recent report into vineyard conditions as statistically unreliable and misleading.
Jeremy Beadles, chief executive of the Wine and Spirit Trade Association today threw down the gauntlet to drinks companies yet to contribute to the government’s voluntary code of practice on alcohol.
Andrew Lansley MP, Secretary Of State for Health, today expressed serious doubts about minimum pricing legislation for alcohol.
Google has bought Zagat Survey restaurant guides for an undisclosed sum but which could be in the region of US$200m.
Rare bottles of Napa legend Inglenook – including vintages from the 1940s – come under the hammer in New York this month.