Chapel Down: Half-year profit almost wiped out as wine maker blames ‘one-off factors’ Food English wine producer Chapel Down has blamed ‘one-off factors’ for its pre-tax profit almost being wiped out during the first half of its financial year. The Kent-headquartered company, which is listed on AIM, said the fall from £2.4m to £40,000 in the in the six months ended 30 June was due to a ‘difficult macroeconomic environment’, [...]
Naked Wines ‘in much better shape’ despite further losses Retail Online wine seller Naked Wines has reported a slump in profit and a higher loss despite “significant strides” made over the past few months to restructure the business. Total sales fell by 18 per cent year on year to £290m in the 52 weeks ended 1 April 2024, while the company’s statutory loss before tax widened [...]
Blast of the summer wine: English producers benefit from warmer climate Food The renaissance of English wine shows no sign of stopping in 2024 as increasing temperatures create better growing conditions in the south of the country. Turnover at the biggest producers of English wine has risen by 15 per cent in the last year and nearly three-fold in the past five years, according to accountancy group [...]