The global drinks industry will enjoy a better than expected performance in 2020 as a result of dynamism in ecommerce and retail, according to new IWSR forecasts.

British bar and casual dining group Loungers has seen its share price increase 21% this morning after it revealed strong trading figures since reopening post-lockdown.

The Conegliano Valdobbiadene Prosecco DOCG produced and sold a record 92 million bottles in 2019 after enjoying a large harvest the previous year.

Heineken has reported a 14% drop in volume sales during March as a result of the Covid-19 pandemic.

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