Drinks

France Raises Wine Output Estimate, Regains Top Producer Spot

France's farm ministry recently raised its estimate for this year's wine production, confirming that it will regain the top spot among world producers alth...

Naked Wines Slashes Annual Forecast, CEO Steps Down

Naked Wines recently slashed its annual revenue and profit forecasts and said that CEO Nick Devlin will leave the online wine seller as it bleeds cust...

Molson Coors Lifts Annual Core Profit Forecast On Price Hikes, Steady Demand

Molson Coors recently raised its annual core profit forecast after beating third-quarter estimates, helped by price hikes as well as steady demand for...

Carlsberg Warns Weak Consumer Sentiment May Hurt Beer Sales In Europe, Southeast Asia

Danish brewer Carlsberg on Tuesday reported third-quarter sales broadly in line with expectations but warned that weak consumer sentiment in Europe an...

Brewer AB InBev's Shares Rise On $1bn Buyback

Anheuser-Busch InBev's shares rose around 2% on Tuesday after it announced a $1 billion share buyback, cheering investors who want to see the world's...

C&C Group Delivers 'Robust' Performance In Ireland

Set against a difficult market backdrop C&C has delivered a performance of its branded businesses in Ireland and Scotland in the period, in its fi...

Diageo Warns On Profit As Latin America, Caribbean Demand Falters

Diageo recently said that it expected organic operating profit growth to decline in the first half of its current financial year due to 'materially we...

World Wine Output To Fall To Lowest In 60 Years

World wine production is expected to fall to its lowest level in 60 years in 2023 due to poor harvests in the Southern Hemisphere and in some major Europea...