Fevertree profits fizz despite UK sugar tax hit to margins March 26, 2019 The glass was half full at Fevertree today as it reported a surge in profits and revenue for 2018. Read more: Fevertree sales fizz as tonic maker cheers bumper summer The figures Profit after tax rose 26 per cent year on year to £61.8m in 2018, even as the profit margin was squeezed almost two [...]
Levi shares soar as jeans retailer makes stock market return March 21, 2019 Shares in jeans retailer Levi Strauss soared more than 30 per cent as it returned to the stock market today, giving the company a market value of $8.7bn. The denim brand, which has described itself as “the inventor of blue jeans”, started trading on the New York Stock Exchange this morning after it was taken [...]
Meet the banker-turned-restaurateur bringing the City’s dining scene to life February 14, 2019 Whatever happened to the liquid lunch? It is a question often asked with nostalgia throughout the Square Mile. Traders in pubs, City executives in boardrooms, journalists and lawyers in wine bars; the sight and smell of booze at noon was at one point in time as much a part of the City’s identity as pin-stripes [...]
Diageo looks to key American market as it hopes price hikes will raise spirits January 27, 2019 Drinks giant Diageo will be hoping for a strong performance in the US when it reveals its results later this week, with price hikes expected to boost margins. The British brewer, whose brands include Guinness, Smirnoff and Johnnie Walker, will be eyeing a boost in sales of vodka and whiskey in the crucial North American [...]
John Lewis enjoys sales boost after strong Christmas performance January 8, 2019 John Lewis has doubled down on a positive festive period after reporting double-figure sales growth over the last week. The department store chain said total sales for the week to 5 January were up 11.2 per cent on the same period last year, thanks to its post-Christmas clearance. The figures were driven by soaring menswear [...]
If you’re not into wine and beer, here are the Christmas spirits we think you should stock up on over the festive period December 19, 2018 Whether you’re looking for a gift, throwing a party, or fortifying yourself to spend time with your family, the festive period is a peak time for boozing. Here are some suggestions to get you in the Christmas spirits: Appleton Estate Rare Blend 12 Year Old Jamaica Rum Christmas and rum go together like pirates and rum. [...]
Whisky makers warn of damage in store in no deal scenario December 19, 2018 The makers of Scotch whisky have issued a warning to MPs that a no deal Brexit scenario would strike a damaging blow to the £4.5bn industry, which is the UK's biggest food and drink export. The Scotch industry, which supports 40,000 jobs across the UK, is particularly sensitive to the fall out from a no deal Brexit because 90 per [...]
Sotheby’s wine sales hit $100m in record-breaking year for fine wines at auction December 17, 2018 Annual wine sales at Sotheby's this year surpassed $100m (£79.35m) for the first time, driven by growth in its retail arm and record-breaking auction sales. Earlier this year, the auction house broke the record for the most expensive bottle of wine ever sold under the hammer with the $558,000 sale of a 1945 Romanée Conti Burgandy wine. Another bottle of the same wine sold [...]
Slowing down in Tokyo: Japan’s eccentric capital is best enjoyed at a snail’s pace November 5, 2018 Tokyo is the gateway to Japan for most visitors and one of the most varied and hyperdeveloped cities in the world. Only a special kind of masochist would brave the jetlag to visit Tokyo for a long weekend, but the capital is truly one of the urban wonders of the world, even if used only [...]
The best snow in California can be found in South Lake Tahoe November 5, 2018 There are far worse problems to have than being stuck in California for a weekend. But if you find yourself hanging around the Golden State with some time to kill, then you can do worse than check the snow conditions in nearby Lake Tahoe. I found myself in such a predicament last January, and so [...]