Lion Nathan Full-Year Net Falls 11% on Wine Charges
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Lion Nathan Ltd., Australia&#39;s second- biggest brewer, said full-year net income fell about 11 percent after writing down the value of its wine unit and other assets by A$112.
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CANBERRA, June 7  - A collection of more than  50,000 bottles of Australian fine wines will be sold online  from Friday following the collapse of a wine investment company  in what the auctioneers say is the country's largest wine  auction.
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Colgate-Palmolive Co. CL.N on Monday  issued its first formal profit warning in almost a decade,  citing higher marketing spending and raw-material costs,  sending its shares down 11 percent to a four-year low.
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Being freelance wine critics may sound like a sweet gig, but Ray and Eleanor Heald have soured on it. Because their home state, Michigan, blocks direct shipments from out-of-state
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Australia&#39;s largest beer and wine company, Foster&#39;s Group, said its second-half net profit fell 72 per cent on costs to restructure its wine business, and forecast modest growth for 2005.
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PARIS  - The French government announced more than &#36;91 million US in aid Monday for the country's struggling wine industry, hit by falling consumption at home and increased competition in export markets.
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The insurer said difficulties in valuing a credit derivatives portfolio had triggered auditor questions over its internal controls, sending its shares down more than 11 percent.
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BREWING giant SABMiller, which was pipped at the post by arch-rival Anheuser Busch in the race for China&#39;s Harbin Brewery earlier this year, has bought the business of Australia&#39;s Lion Nathan in the country.
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The food and household products maker said it lost $62 million in its most recent quarter, largely because of one-time charges.
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The Dutch brewer Heineken said its first-half net profit had fallen by 27 percent to 293 million euros (355 million dollars) owing to adverse exchange rates.
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Profits at Foster's, Australia's biggest wine and beer company, tumble after a wine glut in the US led to lower prices.
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Disappointing news from SABMiller, the brewer, that it had lost a key contract with Heineken helped drag the FTSE lower on Tuesday.
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The brewery, struggling with domestic weakness, falls short of its earnings target.
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The unconventional Oslavje Bianco from Radikon. (Courtesy of pedrelli.com) Iâm about to go on vacation, so this will be my last post until after Labor Day. As Iâm about to leave Iâm thinking about some wines that Iâve enjoyed in the last week or so and how inadequate our usual descriptive language is to characterize their [...].
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The state's supermarket chains ran up a deficit of $365,000 as they tried unsuccessfully to stave off defeat of a ballot question that would have allowed more food stores to sell wine. Total spending on the question set a state record of $12.5 million.
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The nation&#39;s largest defense contractor will take a $110 million charge against its fourth quarter earnings after losing a court bid to salvage at least some of the money it pumped
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Manchester United have announced a fall in pre-tax profits to Â£27.9million for the financial year ending July 31. Profits were down from Â£39.