Wine glut hits profit at Foster's
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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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Nestle, the world&#39;s biggest food and drink company, on Wednesday posted a first-half net profit of 2.84 billion Swiss francs ($2.28 billion), up 0.02 percent on the year-earlier figure of 2.78 billion francs (then $2.03 billion).
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The brewer said fourth-quarter profit jumped 75 percent to $173.2 million, helped by a tax benefit and the weak dollar.
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Kroger Co., the top US grocer, said Tuesday third-quarter profit rose 29 percent as it kept a tight rein on expenses and sales rebounded.
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To woo business from Fidelity Investments traders, a New York brokerage firm showered them with pricey gifts such as private vacations and golf outings, tickets to a Justin Timberlake and Christina Aguilera concert, parties at the 2004 Super Bowl in Houston sponsored by Playboy and Maxim magazines, and a dozen bottles of Chateau Petrus wine worth $625 apiece.
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Diageo, the world's biggest maker of alcoholic drinks, said on Thursday that net profit advanced 8.9 percent in the first half of the group's financial year, boosted by performance abroad.
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Altria Group Inc. MO.N, on Tuesday  posted higher quarterly profit, as higher income from its stake  in brewer SABMiller Plc SAB.L, a lower tax rate  and the weak  dollar offset weakness in domestic tobacco and its Kraft food  business.
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BJ's Wholesale Club Inc. BJ.N on  Tuesday posted higher quarterly profit as soaring gasoline  prices and strong demand for food boosted sales.
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The smoothie giant serves up better-than-expected profits.
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Beverages giant Foster's Group has launched a 3.1 billion dollar (2.35 billion US) bid for Southcorp in what is likely to be the opening shot in a drawn-out takeover war for Australia's biggest wine producer.
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Procter & Gamble, the consumer products company, said quarterly profit jumped 14 percent, boosted by strong sales and a gain from the sale of its juice business.
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By Bloomberg, AP and Staff Reports  Dillard's Inc. reported first-quarter profits Wednesday of $42.9 million, down 30 percent from the $61.3 million the department store chain earned in the same period a year before.
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Wine and spirits group Allied Domecq said today a strong performance by its core brands was behind a 6% rise in profits. Growth of favourites such as Ballantineâs whisky, Beefeater gin and Malibu rum helped
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Brown-Forman Corp., which sells products ranging from Jack Daniel&#39;s whiskey to Lenox china, posted a better-than-expected 67 percent jump in earnings Thursday as aggressive marketing boosted sales of premium spirits and new wines.
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- Wine and spirits company Constellation Brands Inc.  said quarterly profit fell sharply, hurt by a plan to cut the amount of wine it ships to U.S. distributors and lower results from its UK business.
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SYDNEY Foster&#39;s Group, Australia&#39;s biggest maker of beer and wine, said Tuesday that full-year earnings rose 73 percent after the company sold its pubs unit.
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Pepsi Bottling Group Inc. PBG.N, the  largest bottler of Pepsi drinks, on Tuesday said quarterly  profit rose on volume growth in the United States and Europe.