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.

Distilled and blended liquors, Liquor, Distilleries, Alcoholic beverage industry, Arthur Guinness Son PLC

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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.

Carpets & Rugs, Carpet and Rug Mills, Rugs and carpets, Rug and carpet industry, Carpetright PLC

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