City snapshot: Majestic Wine back in the black despite “challenging” home market

Majestic Wine has posted a full year pre-tax profit of £8.3m after reported a loss of £1.5m last year as the improved performance of its Naked Wines business boosted the bottom line. Plus, PZ Cussons warns Nigerian economic troubles will hit profits, NWF Group reports year head of expectations and all the rest of the latest news from the City. 

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