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TEA BREAK
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One of the greatest secrets of life is having both patience & wisdom...
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A Time For Giving
Delamere Dairy is doing their bit for the kids this Christmas. For the second year running they’ll be lending their support to the charity Kids for Kids, which runs sustainable projects in villages in Darfur, Sudan.
[FULL STORY]
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ARCHIVE
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Issue 68
November 26, 2008
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November 19, 2008
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Issue 66
November 12, 2008
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November 5, 2008
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Issue 64
October 29, 2008
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October 22, 2008
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October 15, 2008
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Issue 61
October 8, 2008
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October 1, 2008
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September 23, 2008
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Issue 58
September 17, 2008
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September 10, 2008
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Issue56
September 3, 2008
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Issue 55
August 27, 2008
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August 20, 2008
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August 13, 2008
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Issue 52
August 6, 2008
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Issue 51
July 30, 2008
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Issue 50
July 23, 2008
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Issue 49
July 16, 2008
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Issue 48
July 9, 2008
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Issue 47
June 27, 2008
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Issue 46
June 25, 2008
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Issue 45
June 18, 2008
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Issue 44
June 11, 2008
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Issue 43
June 4, 2008
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Issue 42
May 28, 2008
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Issue 41
May 21, 2008
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Issue 40
May 14, 2008
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Issue 40
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Issue 39
May 7, 2008
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Issue 39
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Issue 38
April 29, 2008
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Issue 38
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Issue 37
April 23, 2008
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Issue 37
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Beverage Bulletin... A.G. Barr Reports Strong Growth
A.G. Barr, Constellation Brands, Stella, France's Champagne house union, Scottish&Newcastle & Magners, Chinese company & Diageo, Cut-price booze
A.G. Barr, the soft drinks group, has announced that its revenue in the third-quarter to 25 October increased by 15.5% compared to the same period last year. Like for like sales, taking out the effect of the Rubicon acquisition, increased by 7%. The group said that the strong revenue growth reflected the combination of continued investment in brand development and further improvements in its sales execution. Operating margins continued to be in line with expectations, despite input costs remaining volatile in the period. The group added that its balance sheet remains strong with the improvement in net assets following the acquisition of the Rubicon business which was completed at the end of August with final completion accounts agreed at the end of September.
Constellation Brands said it closed out foreign currency hedges, leading to higher cash flow and lower net earnings for 2009, but it left its adjusted profit target unchanged, which one analyst called a "notable positive" sign about trends for the company. Constellation, the world's largest wine company, raised its fiscal 2009 net cash flow forecast by £34m as it closed out foreign currency hedges. Closing the hedges, insurance against a weak dollar, led it to lower its 2009 earnings per share forecast because of anticipated taxes on the cash flow gain.
Stella plans to remove two brands from its Artois family: Peeterman Artois and Eiken Artois to focus on its newly launched 4% Stella Artois, according to MarketingWeek. The move comes months after brewer Inbev axed the Bock brand from the Artois family to replace it with Eiken, earlier in the year. The launch of 4.6% Eiken, brewed using hand-picked hops, was supported by a heavy-weight press campaign created by Lowe. The agency has since been dropped by Stella Artois. Mother has successfully won its pitch for the £20m Stella Artois account, and will take on the global advertising for the beer brand. "In order to focus support and investment on Stella Artois and the recently launched Stella Artois 4%, InBev UK is phasing out Eiken Artois and Peeterman Artois," said Stuart MacFarlane, president InBev UK and Ireland.
The head of France's Champagne house union has called for calm after news that sales volumes have fallen by 2.4% for the first nine months of 2008.
Former Scottish & Newcastle chief executive John Dunsmore has denied he is joining Magners cidermaker C&C on a potential multi-million pound shares package to prepare the troubled Irish business for sale. Dunsmore led the S&N board which masterminded its £7.8bn sale to European rivals Heineken and Carlsberg this year. He also extracted £60mn of efficiencies out of S&N's troubled UK supply chain some years back, when Tony Froggatt was group chief executive. More on this story
Shanghai court has ordered a Chinese company to pay(£124,000) in damages to UK drinks group Diageo for copying its packaging as part of a government crackdown on rampant piracy, reports the Financial Times. The court found that Blueblood (Shanghai) Wine Co copied the bottle design and packaging of Diageo's popular Johnnie Walker Black Label whisky and continued to do so even after being fined by the Shanghai government, following a complaint from Diageo in 2006. The award is unusually high and comes amid a Shanghai government anti-piracy campaign, in which officials are trying to show their commitment to protecting intellectual property rights.
Leading supermarkets are still selling some cut-price booze for less than bottled water, according to research quoted in the Daily Mail. Discounted own-brand alcohol goes on sale for as little as 23p a can, according to charity Addaction. More on this story
[PRINTER FRIENDLY VERSION]
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