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.
Inflation slowed in October, according to the latest government figures. The Office for National Statistics today said its Retail Price Index measured inflation at 5.4% in October, marking a slight easing from the 5.6% rate seen the month before.
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.
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