Majestic Wine reports big jump in Christmas sales
7th Jan 2016 09:17
(ShareCast News) - Majestic Wine reported a big jump in sales for the Christmas trading period as it benefited from the acquisition of Naked Wines. In a trading update for 27 October to 4 January, the wine specialist said sales grew 42.6% compared to the same period last year, boosted by the Naked W
Read moreMajestic Wine first half profit slumps 50%
16th Nov 2015 08:07
(ShareCast News) - Majestic Wine posted a 50% drop in first half pre-tax profit on the back of a £2.6m impairment charge and suspended its interim dividend. For the 26 weeks to 28 September, pre-tax profit came in at £4.3m from £8.5m in the same period last year on revenue of £181.6m, up from £133.8
Read moreMajestic Wine abandons six-bottle rule to fight back against supermarkets
26th Oct 2015 10:33
(ShareCast News) - Specialist wine retailer Majestic Wine has abandoned its long-held strategy of only selling wine by the caseload and start selling wine by the bottle from Tuesday as it seeks to compete with the supermarket chains. Customers have, until now, been limited to buying a minimum of six
Read moreJohn Colley named new managing director of Majestic Wine Retail
25th Sep 2015 12:08
(ShareCast News) - Majestic Wine has appointed John Colley as managing director of Majestic Wine Retail with effect from 1 October. Colley has over 20 years of senior retail experience, most recently as chief executive officer of Praxis Netherlands, which is a Holland-based DIY chain. He also held s
Read moreMajestic Wine's CFO to step down
6th Aug 2015 10:24
(ShareCast News) - Nigel Alldritt is set to leave his role as Majestic Wine's chief financial officer, the wines, beers and spirits retailer said on Thursday. Alldritt, who will step down from the board on 6 August and will leave the London-listed company on 5 November, will be replaced by James Cra
Read moreMajestic Wine launches click & collect service for Naked Wine orders
28th Jul 2015 14:34
(ShareCast News) - Majestic Wine has launched a click & collect service for its Naked Wines, an online crowd funded wine retailer. The new service follows a trial period in 22 stores in the UK, where 2,900 click & collect orders were placed. Following the trial, the service will be available in all
Read moreMajestic profits drop but Naked Wines deal provides hope
15th Jun 2015 07:34
Annual profits at Majestic Wine dropped by nearly a quarter in the year to 31 March, though the retailer gave an optimistic outlook on the back of its recent acquisition of Naked Wines. The AIM group, which bought the customer-funded online wine business for £70m in April, reported a pre-tax profit
Read moreLondon close: UK stocks set a new record high despite growth concerns
10th Apr 2015 16:32
London's FTSE 100 surged to a new all-time high on Friday, topping a previous peak reached two weeks ago, despite concerns about a slowdown in UK economic growth. The Footsie finished 74.41 points higher, rising 1.06% to a fresh record of 7,089.77, helped by gains from Shire, Aberdeen, ITV and a hos
Read moreLondon midday: Stocks shrug off weak data as FTSE closes in on new record
10th Apr 2015 11:44
Weaker-than-expected UK data wasn't enough to stop shares from advancing on Friday, as decent gains in the housebuilding sector pushed the FTSE 100 back towards its record high. The Footsie was up 0.36% at 7,040.54 by midday. The index's previous closing high of 7,037.67 was set on 23 March, while
Read moreBroker tips: Housing stocks, Reckitt Benckiser, Majestic Wine
10th Apr 2015 11:34
Housebuilders were putting in decent gains on Friday as Jefferies upgraded ratings for stocks across the sector after recent data pointed to a stronger pre-election housing market than anticipated. The broker raised Bellway, Bovis Homes, Countrywide, Crest Nicholson, Redrow, Taylor Wimpey and Zoopla
Read moreNaked Wines acquisition opens up Majestic's growth potential, says Investec
10th Apr 2015 09:45
Majestic Wine's share price weakened on Friday after the announcement that it will buy rival Naked Wines for £70m, though analysts at Investec hailed the deal, saying it will open up the retailer's growth potential. As well as improving Majestic's prospects for its core UK business, the addition of
Read moreLondon open: UK stocks near record highs as housebuilders rise
10th Apr 2015 08:33
UK stocks were on track to hit a new record on Friday, helped by strong gains in the housebuilding sector. London's FTSE 100 was up 0.46% at 7,047.39 shortly after the open. The index's previous closing high of 7,037.67 was set on 23 March, while the intraday record of 7,065.08 was set on 24 March.
Read moreMajestic Wine snaps up rival Naked Wines for £70m
10th Apr 2015 07:46
UK wine merchant Majestic Wine on Friday announced it will buy Naked Wines, a customer funded international online wine business, for up to £70m. The agreement includes approximately £50m payable on completion in cash, plus up to £20m contingent consideration payable in Majestic's ordinary shares. C
Read moreLondon pre-open: FTSE to retest record high early on
10th Apr 2015 07:43
UK stocks are expected to retest record highs on Friday morning ahead of a relatively quiet day in terms of economic data. City sources predict the FTSE 100 will open 24 points higher than Thursday's close of 7,015.36. The index set an all-time closing high of 7,037.67 on 23 March. Friday's will se
Read moreMajestic Wine boss quits after six years
19th Feb 2015 10:20
Steve Lewis, the boss of specialist wine retailer Majestic Wine, has stepped down after six years in his role. The company, the biggest of its kind in Britain, reported a drastic slowdown over the Christmas season, as sales were hit by supermarkets' decision to slash prices, which saw Tesco sell cha
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