Majestic toasts sparkling profits

Majestic Wine raised its glass to a 20 per cent rise in half-year profits yesterday, helped by its shift to a six-bottle minimum in-store purchase and the return to fashion of sparkling wine. The company, which runs 160 UK stores, said it enjoyed a strong performance over the Christmas period, with like-for-like sales in the nine weeks to 2 January rising four per cent.