Price weakness hits Guinness shares
Article Abstract:
Guinness has been affected by increased pressure from supermarkets on prices. The company's share price has been affected as a result. Supermarkets have exerted pressure so that the company's spirit drink prices have not been raised by 1% in 1995, according to Guinness. Tesco and other supermarket chains have promoted their own-label products at low prices. This has hit other producers of spirit drinks, and is also affecting other European markets.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Sir Philip's magic carpet ride
Article Abstract:
Carpetright saw shares rise after the announcement that sales increased over 30% in the first 12 weeks of the financial year. Chief executive Sir Philip Harris believes the company will meet its target of operating 260 outlets. The company is rapidly expanding, opening a new outlet almost every week, and a new upscale format, Premier Carpets, has been launched.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
User Contributions:
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