Transport and logistics giant Bibby Line Group has taken full control of Costcutter. Bibby bought a 51% stake in the c-store chain in 2007 and revealed in September that is was close to finalising a deal for the remaining stake.
Profits at Majestic Wine soared by 20% over the past six months, as customers spent more on each bottle of wine. Majestic reported pre-tax profits of 8.8m in the 26 weeks to 26 September, up from 7.3m for the equivalent last year.
Australian winery Angove's is releasing a new brand in the UK. Redbridge Creek will be available in Sainsbury's from this week in two blends, a Merlot Petit Verdot ( 4.99) and a Shiraz Carignan Ros ( 4.79).
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