Majestic Wine had a very merry Christmas
Shareholders in wine merchant Majestic Wine were popping corks after an update on Christmas trading showed UK store sales had risen more than 8%.
Shareholders in wine merchant Majestic Wine were popping corks after an update on Christmas trading showed UK store sales had risen more than 8%.
Total UK store sales, excluding VAT, were up 8.4% for the nine weeks of Christmas trading from 1 November 2011 to 2 January 2012, underpinned by like-for-like (LFL) UK store sales growth of 4.0%.
This brings the LFL UK store sales growth, excluding VAT, to 2.7% for the first 40 weeks of the financial year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The share price rose 14.68% to 400.25p by 12:54.
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Digital Services Tax: will Reeves let big tech off lightly to avoid tariffs?
Rumours are circulating that the Digital Services Tax on big tech companies could be cut as Rachel Reeves seeks to appeal to president Trump
By Dan McEvoy Published
-
Rachel Reeves set to increase penalties for filing tax returns late
The Chancellor will announce hikes to penalties for late tax returns in her Spring Statement as she scrambles to raise an extra £1 billion a year. Here’s what you need to know
By Daniel Hilton Published