Wine Financial News

Curated, a UK-based wine platform, has launched a new metaverse experience for its community members allowing them to fully immerse themselves in the provenance of wine.

«The setup for 2023 was very powerful as its previous calendar year witnessed only 10 new 52-week highs, while for 2024, its previous calendar year saw a staggering 29 new 52-week highs. Today markets opened at new lifetime highs marking the second new lifetime high in just 15 days of calendar year 2024,» said Paras Matalia of SAMCO Mutual Fund. While shares of heavyweight RIL (Reliance Industries) have been giving support to Nifty with 8% upside in just 4 trading sessions, the rally in 2024 has been largely led by uptick in the IT index with growing optimism about increased discretionary spending and strong deal wins. «The US bond yield edged lower as market participants bet on the Fed easing cycle, which is expected to start in March. Investors are likely to take a more measured approach due to the release of Chinese GDP and UK inflation data this week,» Vinod Nair, Head of Research, Geojit Financial Services, said. After buying Indian equities worth over Rs 66,000 crore in December, foreign institutional investors or FIIs have been net buyers to the tune of Rs 11,000 crore in the first two weeks of the calendar year. While anticipated rate cuts this year are expected to further fuel the rally till the Lok Sabha elections, analysts warn of intermittent volatility especially due to Budget and occasional profit booking. «The recent upswing warrants a certain degree of caution as, many times, such sharp rallies do not sustain. Thus, we believe that the near-term view will be cautious and suggest profit booking in areas of exuberance, especially in the smallcap space,» Pranav Haridasan, MD and CEO at Axis Securities.

The Oppo Reno 11 series is widely expected to launch in India on January 11. Per usual, the Chinese smartphone maker has started revealing the key core specs of the upcoming Reno 11 and Reno 11 Pro. In a press release sent out to the media today, Oppo is going to great lengths to highlight portrait photography strides on these new smartphones fueled by proprietary imaging algorithms and whatnot. And yet in some areas, these India-bound phones are taking a step back, when compared to their Chinese counterparts.

But Noshirwan Mistry, who has a large mango orchard in Dapoli in Ratnagiri district, tells me of a less happy reason to make fruit wine. Ratnagiri is ground zero for Alphonsos, the mangoes most prized in Maharashtra and Gujarat. Because of their good travelling properties and early proximity to shipping networks from Mumbai, Alphonsos have also become the Indian mango variety best known abroad.

(Reuters) — A British man accused of allegedly defrauding investors of nearly $100 million through a Ponzi-like scheme involving nonexistent luxury wines pleaded not guilty in a U.S. court on Saturday.

Miljenko “Mike” Grgich, a celebrated winemaker who helped establish Napa Valley as one of the world’s premier wine-making regions, has died

In the midst of clinking glasses and the satisfaction of that first sip of red wine, a subtle menace looms for some — the notorious wine headache.

PARIS (Reuters) -World wine production is expected to fall to its lowest level in 60 years in 2023 due to poor harvests in the Southern Hemisphere and in some major European producers, the International Organisation of Vine and Wine (OIV) said on Tuesday.

Chief executive Tim Ford aims to turn California’s high-end Daou Vineyards that Treasury Wine Estates is buying in a $US1 billion ($1.6 billion) deal into a global brand like the Australian company’s flagship, Penfolds.

Penfolds owner Treasury Wine Estates is buying high-end Californian wine group Daou Vineyards in a deal worth up to $US1 billion ($1.6 billion) as it steps up expansion in the United States luxury wine market.

Natural wine is gaining a following in the U.S. even as overall wine sales drop

Penfolds owner Treasury Wine Estates was hit with a 46 per cent protest vote over executive pay on Monday after the board allowed share-based incentives to chief executive Tim Ford on the basis that no-one could have foreseen the heavy profit drop from punishing wine tariffs imposed by China.

The U.S. West Coast produces over 90% of America’s wine, but it’s also prone to wildfires — a combustible combination that spelled disaster in 2020 for the industry and one that scientists are scrambling to neutralize

King Charles III has traveled to the southwestern French city of Bordeaux to focus on climate and the environment

Pernod Ricard, the world’s second-largest wines and spirits producer, has mandated two banks to conduct a strategic review of its Australia and New Zealand business which could lead to a sale process as early as next month, Street Talk can reveal.

Meghalaya Chief Minister Conrad K. Sangma on Thursday said that the Government has chart out a plan to promote fruit wine industry in the State. He said that a robust policy has been put in place to promote a thriving ecosystem that links tourism, agriculture, entrepreneurship, and job creation through the promotion of local fruit winemakers. Speaking at the launch of North East Wine Incubation Centre at Mawdiangdiang in Shillong, the Chief Minister recalled moment when he encountered a homemade pineapple wine with a simple, handcrafted label on a beer bottle, which stemmed the idea to devise strategy to promote professional wine making and packaging. “Despite the unimpressive packaging, the wine inside was exceptional.

river of red wine flowing through its streets. According to reports from the New York Post, this peculiar incident occurred when barrels containing a whopping 600,000 gallons of liquor unexpectedly collapsed. Videos of the event went viral on social media, showing the crimson liquid cascading down a steep hill in the quaint town of São Lorenco de Bairro. Despite the town's small population, with approximately 2,000 residents, the magnitude of the wine spill was staggering. In fact, it was estimated that the amount of wine that poured out could have filled an Olympic-sized swimming pool, prompting environmental concerns. Local officials swiftly took action to prevent the wine from contaminating the Certima River. The Anadia Fire Department managed to contain the flow and redirected it away from the river, diverting it into a nearby field. However, the incident also led to a basement in a residence near the distillery being flooded by the wine. This unusual accident left residents and authorities grappling with the unexpected deluge of wine, a sight that will likely be remembered for years to come.

Sweden isn't the place that connoisseurs would define as prime wine country and its commercial vineyards are still tiny compared to France, Italy or Spain

A strong performance from the high-end Penfolds division has helped Australia’s largest wine group Treasury Wine Estates withstand a tougher consumer spending environment, with demand for more expensive wines still robust even after price rises.

The volume of wine produced by Treasury Wine Estates’ portfolio of premium brands will “decline materially” over the next three years even as earnings rise more than a third amid a major restructure.

IN ITALY, THEY have a saying about family-run companies, shared by an Italian winemaker I know: “The first generation builds it, the second maintains it and the third destroys it." I’m happy to report that under the stewardship of this winemaker and his sister—the second generation to run their winery—his family business is flourishing. How do some families fit the personal with the professional to create successful intergenerational businesses, while others do not? I talked with three prominent California wine families who seem to have figured it out. Ramey Wine Cellars, Healdsburg It was never a given that David Ramey’s children, Claire and Alan, would take over the family winery.