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There was no champagne-popping Christmas celebrations for Majestic Wine, as a disappointing update saw sales less than half last year's. Despite the wine retailer giving up a small portion of profit margin in order to increase promotional activty, total UK store sales for the 10 weeks to 5 January 2
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** Wine warehouse chain Majestic Wine slides 14 pct to 2-mth lows as Christmas trading dampened by vast industry promotions that hit both its brick-and-mortar & online businesses ** Co cautions that competitive pricing environment will continue throughout much of 2015 ** "With yet ano
Read moreThe London market moved higher on Monday as the prospect of a boost for the European economy helped make up for dismal economic news from Japan. The FTSE 100 Index gained 17.6 points to 6671.97 after European Central Bank president Mario Draghi hinted that quantitative easing could be on the cards t
Read moreThe possible bid from a consortium of investors led by Spain´s CEPSA for oil explorer Salamander would be successful were it to take the form that has been mooted, broker Canaccord Genuity said in a research note e-mailed to clients. On Friday 14 November Salamander said it had received a 121p per s
Read moreAfrican Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:
Read moreNov 17 (Reuters) - British wine warehouse chain Majestic Wine Plc posted a 10.5 percent fall in first-half profit, hurt by higher investment costs and weaker demand for the Bordeaux 2013 vintage. However, total sales jumped 2.8 percent to 133.8 million pounds ($210.2 million) as the company
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