Foster&#39;s swallows wine loss
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FOSTER&#39;S Group expressed renewed faith yesterday in its troubled US wine strategy despite an &quot;unacceptable&quot; one-third drop in earnings from the wine division and confirmation it would be another two years until profit growth picked up.
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Australian brewer Fosters buys 18.8% of winemaker Southcorp and reveals they are in talks, triggering takeover rumours.
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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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There was a cold beer on the manager&#39;s desk instead of a bottle of red wine, and a package of Nicorette instead of a jar full of cigars.
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DeShaun Foster suffered a broken clavicle during the second quarter of Sunday&#39;s 20-17 loss against the Denver Broncos, forcing coach John Fox to play the rest of the game with fullbacks Brad Hoover and Nick Goings in his backfield.
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Australian brewer Lion Nathan Ltd this morning said write downs on its wine business and other assets would see its full year result reduced by $A42.
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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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SYDNEY : Australian beverage firm Foster&#39;s Group forecast modest earnings growth in the current financial year after a poor performance by its wine business again hurt its bottom line in fiscal 2004.
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The Kerry Packer-backed Challenger Financial Services Group has reported its first net loss since incorporating, impacted by a massive writedown of goodwill.
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Defeat can leave a bitter taste -- especially when it comes in the last game of the season. After losing last season's Foster-Hinman championship game, 33-18, to Brunswick, on the heels of a perfect ISL season, Middlesex was left to ponder that sour taste over the course of a long offseason.
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A German riesling has been named world's best in one of Australia's leading wine contests, dealing a blow to Australian New World wine hopes, already shaken by the worst drought for a century
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Scottish & Newcastle, the brewer being bought by Carlsberg and Heineken, said on Tuesday that it made a loss of 105 million pounds in 2007.
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CHICAGO (CBS.MW) - By upping the ante a bit, Constellation Brands has made an apparently successful bid to gobble up winemaker Robert Mondavi in a $1.
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With the holiday season underway, many will be stocking up on their favorite libations. But if it&#39;s fine wine you fancy, choices may be more limited than you realize.
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UK-based brewer SABMiller has completed the acquisition of the Foster's business and brand in India for 120 million dollars (94.4 million euros).
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Shares in Australian beer and wine firm Foster's jump by more than 9% after a report says it could be a bid target.
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Peter Saltonstall, who owns Kings Ferry Winery in New York&#39;s Finger Lakes region, left the US Supreme Court yesterday feeling good.