Boston Beer Company saw its share price plummet by almost 10% yesterday after weak demand for hard seltzer forced it to pull its earnings guidance.

Pernod Ricard’s share price increased 2% this morning after the firm raised its profit growth estimate following “greater than expected business dynamism”.

Chilean wine

30 July, 2012

Despite a strong peso, consumers are prepared to pay the price for quality Chilean wine. Christian Davis reports

UK: The Chancellor has added another 41p to a bottle of spirits and 11p to a bottle of wine in the latest Budget.

China: Diageo has been given the go-ahead to make an offer for the remaining shares of ShuiJingFang. The maximum offer stands at GBP630m.

Asahi Group has reached an agreement to acquire Australsian-based drinks operator, Flavoured Beverages Group.

The Australian wine market faces tough challenges ahead because of a growing reliance on discounting, according to Wine Intelligence.

Australia head hits out

12 November, 2010

Paul Henry, outgoing general manager, market development for the Australian Wine and Brandy Corporation (AWBC), has accused retailers of being only interested in “volume and price” and described retailer consolidation and price compression as direct threats to proprietary brands.

The introduction of a minimum price for alcohol in Britain could see retailers and manufacturers reap £700m in extra revenue.

US: Diageo has launched two new flavours for its Smirnoff vodka brand – mango and peach.

Members of Romanian Winegrowers are to undergo a benchmarking initiative, designed to identify a ‘Hero Selection’ of wines.

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Nick Strangeway

Bar food's blurred lines

Once upon a time pubs and bars were somewhere you went with the sole purpose of getting pissed and there wasn’t a knife and fork in sight, just a packet of dry roasted nuts.

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