Allied Domecq profits edge up as sales lose fizz
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British drinks giant Allied Domecq, maker of Beefeater gin, Courvoiser cognac and Malibu rum, posted a six-percent rise in annual pretax profits as sales of spirits and wines stagnated.
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European equities turned higher after early losses on Tuesday thanks to earnings and upgrades offsetting losses for financial stocks.
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Alliance Capital Management Holdings LP (AC.N: Quote, Profile, Research) , one of the biggest US money managers, on Thursday said its profit rose in the third quarter
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The world&#39;s second-biggest spirits group, Allied Domecq, today reported a 6% rise in annual profits, boosted by a change in US tastes from beers to spirits.
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Constellation Brands Inc.  posted quarterly profit far above Wall Street estimates on Thursday, as its plan to cut the amount of wine it ships to U.S. distributors did not hurt sales as much as expected.
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Marriott International said its second-quarter profits rose a better-than-expected 11 percent, but shares were down on concerns about slowing growth.
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General Mills Inc.  on Thursday said quarterly profit edged higher, though increased marketing spending and higher commodity costs tempered the increase.
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Australian supermarket giant, Woolworths, beat forecasts on Monday with a 12 per cent rise in second-half profit on vigorous cost savings and its ability to drive margins despite a competitive onslaught.
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Alliance & Leicester sees annual profits rise 4% to Â£569m and is optimistic about mortgage demand.
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Allied Domecq, the world&#39;s second-biggest spirits firm, has met forecasts with a 6 percent rise in annual profit, backed by strong growth of core brands such as Courvoisier cognac and Beefeater gin.
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Britons&#39; growing thirst for Courvoisier, the cognac brand championed by hip-hop culture, has helped Allied Domecq report a 6 per cent rise in annual profits.
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The worldâs largest soft drink maker reported higher-than-expected quarterly profit on Wednesday, helped by higher sales, acquisitions and foreign exchange rates.
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Altria Group Inc. MO.N, on Tuesday  posted higher quarterly profit, as higher income from its stake  in brewer SABMiller Plc SAB.L and the weak dollar offset  weakness in domestic tobacco and its Kraft food business.
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Constellation Brands, the wine and spirits company, said on Tuesday that third-quarter profit rose 11 percent, lifted by strong liquor sales, a growing wine business in North America and the acquisition of Svedka vodka.
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The company posted a second-quarter profit of $182 million, helped by strong international beverage and bakery sales.
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Procter & Gamble Co. PG.N on  Wednesday said quarterly profit rose 14 percent, boosted by  strong sales and a gain from the recent sale of its juice  business.
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Third-quarter profit, helped by sales of jet fighters and electronic warfare systems, beat Wall Street expectations, but the companyâs forecast for next year was slightly below analystsâ estimates.