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Europe's wine and spirit industry unites in Brexit trade talks

Europe's wine and spirit industry unites in Brexit trade talks

05/02/2018 - 09:08
Representatives from the wine and spirits industry across Europe and the UK met at the EU Commission this week, in a bid to move Brexit trade discussions forward. read more
Swiss watch exports slump extends into eleventh month

Swiss watch exports slump extends into eleventh month

21/06/2016 - 12:38
Zurich - Swiss watch exports dropped in May, bringing the industry’s slump close to a full year as it faced plunging demand across Asia and Europe. read more
Farmers fear mergers of agriculture firms

Farmers fear mergers of agriculture firms

20/06/2016 - 11:28
Three megamergers in the agrochemical sector including Bayer and Monsanto, have raised concerns among farmers who fear higher prices and of consumers who fear more genetically modified (GM) food. read more
Riverbed Retail Therapy Week Comment

Riverbed Retail Therapy Week Comment

09/06/2016 - 14:05
More and more people are choosing to purchase their goods virtually, leading to online sales in Europe forecast to reach £174.81.32 billion in 2016.  read more
EU system for pork imports to SA

EU system for pork imports to SA

21/04/2016 - 12:56
Cape Town - As consumer preferences differ and the demand for low fat meat and meat products increases, the European Union (EU) has implemented a unique system to guarantee high quality of meat that is brought to South Africa. read more
German consumer confidence slips

German consumer confidence slips

30/11/2015 - 12:36
German consumer confidence slipped for a fourth month in a row in November as shoppers worried about the impact of a record influx of asylum seekers, a survey found on Thursday. read more
Life in South Africa getting worse: index

Life in South Africa getting worse: index

06/11/2014 - 11:07
South Africa is the 81st most prosperous country in the world, according to the Legatum Institute’s prosperity index, a position down from 77th in 2013, and far away from its 67th position in 2009. read more
Jimmy Choo shines on market debut - UK

Jimmy Choo shines on market debut - UK

21/10/2014 - 10:40
London - Jimmy Choo inched higher on its London stock market debut, watched closely by even the least fashion-conscious of bankers after a flurry of cancelled listings across Europe. read more
Ostriches back in vogue - Namibia

Ostriches back in vogue - Namibia

21/10/2014 - 10:15
The most discredited agricultural commodity, ostriches, are back on the farming radar after the Ministry of Trade and Industry, in collaboration with the National Development Corporation, earlier this year concluded a feasibility study and an execution plan, to investigate the revival of the ostrich industry. read more
71% of SA wealth in hands of richest 10%

71% of SA wealth in hands of richest 10%

20/10/2014 - 11:58
Johannesburg - In South Africa, 63 000 people are among the top 1% of the wealthiest people in the world.  read more
JSE stocks end lower

JSE stocks end lower

22/09/2014 - 13:49
Johannesburg - South African stocks ended Friday slightly lower as subdued commodity prices and concerns about Chinese growth pulled resource shares down, although global market relief propped up other sectors over the outcome of Scotland's referendum.  read more
China's deal to end European wine probe

China's deal to end European wine probe

27/03/2014 - 12:05
Beijing - China's commerce minister said the Chinese and European wine industries had reached a deal to end an anti-dumping and anti-subsidy probe into European wine imports, ahead of a trip to Europe by China's president. read more
Call for Spain to cut rates, hike VAT

Call for Spain to cut rates, hike VAT

24/03/2014 - 07:48
Madrid - Spain must cut individual and business tax rates and increase levies on consumer items from alcohol to fuel to repair one of Europe's lowest tax takes, according to proposals the government took in hand on Friday. read more
Heineken sees 2014 sales advancing

Heineken sees 2014 sales advancing

06/03/2014 - 14:09
London - Heineken NV, the world’s third-biggest brewer, expects sales to advance this year after reporting a decline in 2013 profit amid weak consumption in central and eastern Europe.  read more
Adidas sees World Cup boost for profits

Adidas sees World Cup boost for profits

06/03/2014 - 13:48
Frankfurt - Adidas, the German maker of sportswear and equipment, said Wednesday it expects the World Cup football championships in Brazil to boost earnings this year, but warned that the crisis in Ukraine could hurt its business. read more
Carlsberg shares leap as strong Russian sales support earnings

Carlsberg shares leap as strong Russian sales support earnings

21/02/2014 - 08:23
Stockholm - Carlsberg reported earnings that beat analyst estimates as the fourth-biggest brewer gained market share in Russia by selling more premium beer. The stock rose the most in two years.  read more
L'Oreal net profit rises to €3bn

L'Oreal net profit rises to €3bn

17/02/2014 - 10:20
Paris - L'Oreal, the world's largest cosmetics company, has said its net profit rose by 3.2% last year to €2.96bn ($4.0bn) on sales which rose by 2.3% to €22.98bn read more
H&M to open first store in India

H&M to open first store in India

17/02/2014 - 08:55
Stockholm - Swedish clothing retailer Hennes & Mauritz (H&M) said Wednesday it planned to open its first store in India in 2014. read more
Steinhoff launches up to $631 m convertible bonds

Steinhoff launches up to $631 m convertible bonds

30/01/2014 - 10:27
Johannesburg - Furniture maker and retailer Steinhoff plans to sell as much as $631m of bonds convertible into shares to push out debt maturities, it said on Thursday.  read more
SABMiller CEO Graham Mackay dies

SABMiller CEO Graham Mackay dies

20/12/2013 - 08:21
Cape Town - SABMiller [JSE:SABMiller] announced on Wednesday that its chairperson Graham Mackay, who has been with the company for 35 years, has passed away. Mackay was diagnosed with a brain tumour in April 2013.  read more
EU eyes ban on SA citrus imports

EU eyes ban on SA citrus imports

19/11/2013 - 08:37
Johannesburg - The EU is preparing a ban on South African citrus imports that could take orange juice off Europe’s breakfast tables next summer and sour efforts in Brussels to broaden trade with Africa’s biggest economy. read more
Meatco and Witvlei bid for Norwegian meat quota, Namibia

Meatco and Witvlei bid for Norwegian meat quota, Namibia

22/10/2013 - 08:31
Meat processing companies, Meatco and Witvlei Meat, have once again bid for the lucrative beef export quota to Norway, which is set at 1600 tonnes per year and pays 72% more than exports to other parts of Europe. Earlier this month, the Meat Board of Namibia requested for bids for the Norway quota from local meat companies.  read more
BOS Ice Tea launches in Belgium and Holland

BOS Ice Tea launches in Belgium and Holland

18/10/2013 - 09:07
BOS Ice Tea has recently celebrated its third birthday in South Africa, and has taken the first steps into European markets, launching in Belgium and Holland earlier this month. read more
World markets react to US debt deal

World markets react to US debt deal

18/10/2013 - 08:41
Johannesburg - Markets across the world on Thursday gave a lukewarm reaction towards the US debt deal, due to fears that the scenario will repeat itself early next year. read more
Delhaize Europe CEO resigns

Delhaize Europe CEO resigns

09/10/2013 - 08:19
Brussels - The CEO of Delhaize Group's European division has resigned, effective Oct. 31, the Belgian supermarket operator said. read more
German grain harvest higher despite floods

German grain harvest higher despite floods

23/08/2013 - 08:13
Frankfurt - Germany, Europe's second-biggest grain producer after France, reported a 3.0% increase in its harvest this year, despite the bad weather and flooding, data showed on Thursday. read more
Carrefour Q2 2013 results, Preparing for life as a healthy #2 in the market, rather than an ailing #1

Carrefour Q2 2013 results, Preparing for life as a healthy #2 in the market, rather than an ailing #1

25/07/2013 - 15:17
On Carrefour’s second-quarter results, Gildas Aitamer, Retail Analyst at Planet Retail, commented:  read more
EMEA PC shipments plummet

EMEA PC shipments plummet

22/07/2013 - 08:57
New research from the International Data Corporation (IDC) shows that PC shipments in Europe, Middle East, and Africa (EMEA) continued to contract in the second quarter of 2013 (2Q13). read more
US stocks rise on solid jobs report

US stocks rise on solid jobs report

08/07/2013 - 08:08
New York - US stocks Friday opened higher following a better-than-expected US jobs report, even as US Treasury yields spiked.  read more
Retail's global top 10

Retail's global top 10

15/05/2013 - 09:25
New York - There's expensive and then there's Hong Kong. read more
Richemont ups full-year profit 30%

Richemont ups full-year profit 30%

02/05/2013 - 09:28
Zurich - Luxury goods group Richemont [JSE:CFR] said its annual profit rose nearly a third from the previous year's €1.54bn, helped by favourable currency swings.  read more
Germany key to Europe's flagging spirits volumes

Germany key to Europe's flagging spirits volumes

30/04/2013 - 08:12
Not only is Germany forming a last line of defence against the euro’s implosion, the land of steins and beer kellers also offers fertile ground to distillers foraging for sales in Western Europe’s withered landscape. read more
Unilever’s sales grow 4.9%

Unilever’s sales grow 4.9%

26/04/2013 - 10:32
Unilever’s breadth of businesses and markets would enable it to ride out the tough environment in Europe, the Anglo-Dutch consumer goods company said yesterday as it reported weaker-than-expected first-quarter growth. read more
World wine output down, hit by weather and EU curbs

World wine output down, hit by weather and EU curbs

26/03/2013 - 10:09
(Reuters) - Global wine production fell sharply last year due to bad weather in Europe and a recent policy to drain its "wine lakes", while Chile and United States saw a jump in harvests, according to a recent report. read more
Company bosses: No fishing crisis

Company bosses: No fishing crisis

22/03/2013 - 07:58
Cape Town - Major fishing company bosses on Wednesday described a meeting with Fisheries Minister Tina Joemat-Pettersson as a watershed moment.  read more
Danone pulls dairy products

Danone pulls dairy products

19/03/2013 - 13:16
Bucharest - French food industry group Danone said Monday it had withdrawn some of its dairy products from sale in Romania after a potentially carcinogenic substance was found in milk from one of its suppliers.  read more
Steinhoff profit up 5%

Steinhoff profit up 5%

06/03/2013 - 08:28
Johannesburg - South African furniture maker and retailer Steinhoff International reported a 5 percent rise in first-half profit on Tuesday as the weaker rand currency helped offset slack consumer demand.  read more
Mandela wine launched in US

Mandela wine launched in US

04/03/2013 - 07:58
A wine company bearing the name of the former president Nelson Mandela has been established in the United States, the Sunday Sun reported. read more
Red meat industry reaction to research findings on meat products

Red meat industry reaction to research findings on meat products

28/02/2013 - 14:52
The Red Meat Industry Forum (RMIF), which represents the entire red meat industry chain, from primary producer through the abattoir to the meat trader and eventually the consumer, has noted with extreme concern the condemning statements made on the research findings by Prof Louw Hoffman and his colleagues on the inclusion of various unlabeled ingredients used in meat products sampled from retail butcher stores and butcheries. read more
Mastercard heads to mobile with virtual wallet

Mastercard heads to mobile with virtual wallet

26/02/2013 - 08:56
Mastercard unveiled its bid to dominate the mobile payments market on Monday with a ‘virtual wallet’ allowing customers to keep personal payment details in their phone and avoid checkouts by scanning bar codes in-store to pay. read more
Ikea pulls meatballs from 14 countries

Ikea pulls meatballs from 14 countries

26/02/2013 - 07:50
Stocholm Swedish furniture giant Ikea has withdrawn some of its company-branded meatballs in 14 European countries after horsemeat was found in the product by Czech authorities, the company said on Monday.  read more
Horsemeat scandal: SA safe

Horsemeat scandal: SA safe

14/02/2013 - 08:53
Cape Town - South African meat consumers have nothing to fear from a horsemeat scandal currently rocking Europe.  read more
GSK faces crucial year after shortfall

GSK faces crucial year after shortfall

07/02/2013 - 07:50
London - GlaxoSmithKline, Britain's biggest drugmaker, renewed its promise to return to growth this year, after failing to deliver a hoped-for sales and margin recovery in 2012. read more
Global consumer confidence dips

Global consumer confidence dips

05/02/2013 - 08:09
London - Global consumer confidence dipped at the end of last year, a survey showed on Monday, and more than 60 percent of respondents said the next 12 months would not be a good time to spend. read more
Spar to enter Middle East market

Spar to enter Middle East market

29/01/2013 - 11:17
Abu Dhabi - Dutch food retailer Spar International plans to enter the Middle East, aiming to have 30 stores in the region by the end of 2015, its managing director said on Sunday. read more
China's drugs market to grow by $165bn

China's drugs market to grow by $165bn

13/12/2012 - 09:11
London - Drug companies are spending record amounts on acquisitions in emerging markets, with China the most attractive target nation, reflecting sharply rising sales of western medicines in the country.  read more
Oil prices drop after recent rally

Oil prices drop after recent rally

23/08/2012 - 09:46
London - Crude oil prices fell on Wednesday following recent gains, mirroring events across world stock markets, as traders showed caution ahead of Greek talks, Fed minutes and US energy inventory data.  read more
GlaxoSmithKline profits up on lower tax

GlaxoSmithKline profits up on lower tax

26/07/2012 - 09:01
London - British drugmaker GlaxoSmithKline on Wednesday said its second quarter net profit rose 13.3% from a year earlier to £1.21bn. read more
EU malaise spreads to China’s factories

EU malaise spreads to China’s factories

22/06/2012 - 07:37
The downturn in the euro zone’s private sector is becoming entrenched and Chinese factories are finding the going increasingly tough, business surveys showed yesterday, painting a gloomier outlook for the world economy. read more
Sub-Sahara growth may firm to 5% in 2012

Sub-Sahara growth may firm to 5% in 2012

14/06/2012 - 08:12
Johannesburg – As global demand firms and domestic demand remains robust‚ economic growth in Sub-Saharan Africa is expected to strengthen to 5% in 2012‚ the World Bank says in its newly-released Global Economic Prospects (GEP).  read more
Exports save eurozone from recession

Exports save eurozone from recession

07/06/2012 - 08:59
Brussels - The eurozone narrowly escaped technical recession in the first quarter as exports offset a plunge in investment and inventories to produce a flat reading, data showed on Wednesday, but it was unlikely to escape contraction again in the second quarter.  read more
‘Shocking’ fall in factory output raises fears over exports

‘Shocking’ fall in factory output raises fears over exports

11/05/2012 - 08:20
Manufacturing output contracted unexpectedly in March, suggesting that the recession in Europe is already taking a toll on exports and signalling growth in the economy may be slowing more sharply than expected.  read more
Planet Retail recruits former Mintel Sales Director for Europe

Planet Retail recruits former Mintel Sales Director for Europe

02/02/2012 - 14:51
Planet Retail, the leading global retail analysis company, has strengthened its European division with the appointment of Frank Weibelzahl as Sales Director.  read more
Carrefour’s New CEO May Be Drawn Into Price War to Lift Hypermarket Sales

Carrefour’s New CEO May Be Drawn Into Price War to Lift Hypermarket Sales

31/01/2012 - 08:47
Georges Plassat, Carrefour (CA) SA’s fourth chief executive officer in eight years, relishes a challenge.  read more
Chinese buyers circling more European assets

Chinese buyers circling more European assets

09/01/2012 - 07:33
Hong Kong - Fresh signs of a mooted wave of Chinese money looking to buy European assets on the cheap emerged on Friday, with a major bank said to be in the running for parts of Britain's RBS and an Italian yacht maker seen in the sights of Shangdong Heavy Industry. read more
Europe’s glass production volumes on the up in 2011

Europe’s glass production volumes on the up in 2011

08/12/2011 - 09:03
European glass packaging production volumes have grown by 4.7% in the first half of 2011, according to figures from the European Container Glass Federation (Feve). read more
Cocoa prices fall on Europe concerns

Cocoa prices fall on Europe concerns

08/12/2011 - 08:54
Cocoa has hit its lowest level since December 2008 on the back of the sovereign debt crisis in Europe and increased supplies from West Africa according to commodity analysts familiar with the industry. read more
SA exports hold breath over euro’s future

SA exports hold breath over euro’s future

08/12/2011 - 08:44
As European leaders head into the last summit of the year today, the future of the euro as a currency will come under the scrutiny of both global policy makers and investors, as politicians try to restore confidence in the currency used by 17 nations within the European Union (EU). read more
Woolworths Drops Jupiter For In-House Advertising

Woolworths Drops Jupiter For In-House Advertising

01/12/2011 - 16:30
Jupiter Drawing Room in Cape Town has been notified that as of the end of January, Woolworths will no longer be doing business with them. read more
SA trade account in deficit

SA trade account in deficit

01/12/2011 - 08:49
Johannesburg - South Africa’s trade account recorded a wider-than-expected trade shortfall of R9.6bn in October compared with a R2.5bn surplus in September, the South African Revenue Service said on Wednesday. read more
SA's GDP rises, but growth stunted

SA's GDP rises, but growth stunted

30/11/2011 - 10:14
Pretoria - South Africa’s economic growth came in less than expected at 1.4% in the third quarter of 2011 on a seasonally adjusted and annualised basis, compared with a 1.3% rise in the second quarter, data showed on Tuesday.  read more
Weaker rand helps boost factory recovery

Weaker rand helps boost factory recovery

29/11/2011 - 08:51
Bureau for Economic Research survey shows domestic order volumes rose to a four-year peak, while export sales and order volumes gave positive readings for the first time in more than eight years read more
SABMiller eyes tougher time in Europe, US

SABMiller eyes tougher time in Europe, US

18/11/2011 - 08:01
London - Brewer SABMiller [JSE:SAB] narrowly missed forecasts with an 11% rise in half-year earnings on Thursday, and warned that trading in Europe and North America will stay tough as its input costs tick higher. read more
US retail sales rise broadly

US retail sales rise broadly

16/11/2011 - 08:35
Washington - US retail sales rose broadly in October and a gauge of New York state manufacturing showed growth this month for the first time since May, suggesting the economy started the fourth quarter with vigour. read more
Cheers to new wine markets

Cheers to new wine markets

07/11/2011 - 08:40
Hong Kong - Hong Kong's wine imports have remained strong even as global economic uncertainty cuts demand for luxury goods, underscoring the city's credentials as a preeminent wine hub buoyed by strong demand from mainland Chinese buyers.  read more