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Distell doubles profits as whisky sales defy Covid
Originally posted by www.thetimes.co.uk – Written by: Greig Cameron, Scottish Business Editor – Annual profits doubled for the owner of the Bunnahabhain single malt Scotch whisky, despite Covid restrictions during the period.
UK-India FTA could double size of Scotch
Originally posted by www.thespiritsbusiness.com – Written by: Nicola Carruthers – The CEO of Chivas Brothers has said the forthcoming UK-India trade deal could double the size of the Scotch whisky market in five years.
Scotch whisky exports hit record £6 billion in 2022
Originally Posted By www.thedrinksbusiness.com By: Eloise Feilden – In 2022, the value of Scotch whisky exports was up 37% by value to £6.2bn, despite economic headwinds, according to figures released today by the Scotch Whisky Association (SWA).
How to Invest in Whiskey
Originally Posted By www.nasdaq.com By: Eric Reed for SmartAsset – Whiskey isn’t just a beloved spirit and cultural institution. It can also be a profitable investment. Just like wine, the culture and market around whiskey have made it a valuable product.
‘Win-win’ for Scotch whisky industry as UK Government extends alcohol duty freeze
Originally Posted By www.scottishdailyexpress.co.uk By: John Glover – With the biggest changes to the UK’s alcohol duty system in 140 years expected next year, the Treasury has said there will be no changes to the current rates until August 2023 at the earliest.
Whisky imports up 62%, projected to be popular next year and beyond
Originally Posted By www.kedglobal.com By: Kyeong-je Han – As whisky became more popular in Korea, the amount of whisky imported for 10 months until October this year increased about 62% compared to the same period last year.
Rare whisky value up by 21%
Originally Posted By www.thespiritsbusiness.com By: Nicola Carruthers – The value of rare single Scotch malt whisky increased by 21% in the first nine months of 2022, led by bottles priced between £100 and £1,000, according to a new report.
‘Whisky must no longer be a man’s world’
Originally Posted By www.bbc.co.uk By: Magnus Bennett, BBC Scotland News – Having launched a social media campaign in 2018 to challenge “stereotypical perceptions” around who makes and drinks whisky, she has created a non-profit organisation called OurWhisky Foundation to “support and empower” women in the industry.
Whisky exports soar as UK economy stumbles
Originally Posted By www.telegraphindia.com By: Jenny Gross – Volume of exports from Britain has grown over past two years, including a 10.5 per cent increase during 12 months ending in July.
Trade wins unlock markets worth over £100 million for UK alcohol companies – with more to come
Originally Posted By www.gov.uk Image credit: carloscastilla – At a visit to Glenkinchie Distillery, Trade Secretary Kemi Badenoch has today [13 October] announced that the UK has unlocked markets over £100 million for UK alcohol companies.
A million bottles of whisky set to sail from Scotland to Far East after game-changing new trade route opens up – Angus Robertson MSP
Originally Posted By www.edinburghnews.scotsman.com – Image credit © Andrew Milligan/PA – Already Scotland has won the most foreign direct investment of any part of the UK outside London.
Best-performing collectible asset of the previous decade
Such a high level of sustained growth meant that the rare whisky market out-performed precious gems, vintage cars, premier cru wines, fine art and stock markets.
Cask of rare Scotch whisky smashes world record with £16mn sale
Originally Posted By www.ft.com – Image credit © Jeremy Sutton-Hibbert – Private collector in Asia buys single malt from 1975 for more than its Ardbeg distillery was sold for.
Cheers! Boris’ India trade deal will work ‘beautifully’ with Scottish Whisky
Originally Posted By www.express.co.uk – A TRADE deal with India could “work wonders” for Scottish trade if Boris Johnson is able to scrap tariffs, say industry experts.
‘Forgotten’ 1988 Macallan cask fetches £915,500 after global bidding war at auction
Originally Posted By www.pressandjournal.co.uk – A cask of Macallan whisky from 1988, which was forgotten about by its owner for almost 34 years, has smashed the world record after its price hit £915,500.
Opportunity for Scotch Whisky in UK trade talks with Canada
Originally Posted By www.scotch-whisky.org.uk – Canada is the 12th largest market for Scotch Whisky – and is growing.
Vintage Acquisitions 2022 Tax Year End Bulletin:
It is fair to say that with a new tax year end just around the corner the last two years have, for many, been rather challenging.
Whisky sales bounce back for drink giant Diageo
Originally Posted By www.pressandjournal.co.uk – Drink giant Diageo today (January 27) reported a storming first half for its Scotch whiskies, with global “organic” net sales up 27% year-on-year.
Whisky exports grew 19% to £4.5bn last year
Originally Posted By www.independent.co.uk – The end of US tariffs and reduced impacts from the pandemic saw the industry rebound.
A trade deal with India in 2022 would be a big prize
Originally Posted By www.bbc.co.uk – India is on course to become the third largest economy in the world by 2050, and the government hopes UK-India trade will double over the course of this decade.
Ministers warned over impact of failure to cut tariff on Scotch whisky
Originally Posted By www.news.stv.tv – It is estimated that cutting the tariff could see exports of Scotch whisky to India grow by around £1bn.
Burns Night – 25th January
Scotland’s national drink, with Scotland’s national dish to toast probably the world’s most celebrated poet.
UK-India talks offer ‘golden opportunity’ for Scotch Whisky
Originally Posted By www.scotch-whisky.org.uk – The SWA has welcomed the launch of trade talks between the UK and India. .
Scotch Whisky Market to Witness Explosive Growth by 2026
Originally Posted By www.galleonnews.com – The Scotch Whisky Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2026).
Whisky is the hot new thing for collectors
Originally Posted By www.moneyweek.com – Youngsters and Asians are developing a taste for firewater. Chris Carter reports.
Single malt whiskies expected to triple in price next year due to supply chain crisis
Originally Posted By www.dailyrecord.co.uk – Experts have warned Brexit, the pandemic and soaring demand have resulted in a ‘perfect storm’ hitting Scotland’s prized £5billion dram export market.
Plans submitted for new Highlands whisky distillery
Originally Posted By www.thedrinksbusiness.com – The Highland Council has received an application for a new site on the Dornoch Firth, close to where whisky was first produced more than 200 years ago.
World’s oldest single malt Scotch whisky to be auctioned off – and the proceeds will help rewild the north of Scotland
Originally Posted By www.pressandjournal.co.uk – The first bottle of the world’s oldest single malt Scotch will be auctioned off to provide a windfall for a charity’s mission to rewild the Caledonian forest.
Scotch whisky exports rise by 31% – The Spirits Business
Originally Posted By NewsNation USA – The value of Scotch whisky exports was up by a third in the first half of 2021, as the industry starts to recover from the impact of Covid-19 and US tariffs.
Scotch whisky showing signs of global recovery
Originally Posted By https://www.heraldscotland.com – SCOTCH whisky exports have shown signs of recovery from the impact of Covid-19 and costly tariffs in the US, the biggest overseas market for Scotland’s national drink.
BRINGING UP BABY – THAT’S THE SPIRIT!
The first 21 years of the 21st century have certainly been ones of fast-moving technological innovation.
Whisky distilleries urged to use energy storage, Scots study finds
Originally Posted By www.thenational.scot -DISTILLERIES of all sizes should combine renewable energy with some form of heat or electrical energy storage, according to a new Scottish study.
From Tiny Acorns
Our business is whisky. Scotch malt whisky. This means we deal in pure water, barley and then the magical alchemy which takes place in the copper stills.
Liz Truss reveals plans to remove Indian tariffs on Scotch whisky
Originally Posted By insider.co.uk – International Trade Secretary calls on Scottish businesses to engage with her department over current and future trade deals.
Joy for Scotch whisky industry after breakthrough in biggest market
Originally Posted By Herald Scotland – The Scotch whisky industry has this morning welcomed a five-year suspension of US import tariffs on single malt.
Legal protection would be ‘real boost’ to whisky in Australian trade deal
Originally Posted By Largs & Millport News – Legal protection of Scottish whisky would be “a real boost” if included in the final details of the newly-announced UK-Australian free trade deal, an industry body has said.
Speyside distillery unveils ‘most prestigious’ whisky yet
Originally Posted By Herald Scotland – SPEYSIDE’S GlenAllachie Distillery has released its “oldest and most prestigious” ever dram.
What is an alternative investment?
Originally Posted By Value The Markets – If you’ve ever asked yourself what an alternative investment is and why it’s different from other investments, then we’ve got all the information you need.
Scotch whisky firm has a new master distiller
Originally Posted By The Herald – SCOTCH whisky distiller Distell has announced a new master distiller as it unveiled details of its forthcoming whisky festival, writes Scott Wright.
UK-Viet Nam statement
Originally Posted By Mirage News – The UK and Viet Nam have a strong and growing bilateral trade relationship and share a strategic commitment to global trade, the free flow of capital and investments.
Islay green energy plant secures funding from AMP Clean Energy
Originally Posted By Scottish Construction Now – A green energy scheme that was refused funding by the Scottish National Investment Bank (SNIB) a few weeks ago has secured funding from London-based AMP Clean Energy, one of Europe’s top infrastructure investment groups.
Government pours £9m into distilleries to fund eco-friendly improvements
Originally Posted By Press & Journal – Distilleries across Scotland are being offered a share of nearly £9 million to help them turn green. Photo Credit: The Press & Journal
US suspends tariffs on single malt Scotch whisky
Originally Posted By The BBC – The US has agreed to suspend tariffs on UK goods including single malt whiskies that were imposed in retaliation over subsidies to the aircraft maker Airbus.
Malt Whisky Market will touch a new level in upcoming year with Top Key players like Jura, Bowmore, The Macallan, Bunnahabhain, The Balvenie, Highland Park, Aberlour Whisky
Originally Posted By The Sentinel Newspaper – The study throws light on the Malt Whisky market mainly focusing on the growth factors and even the restraining factors. The restraining factors are also provided with the best solutions which also prove to be a counteract to the drawback and help increase the market demand.
DECOMPOSED MATTER – THE FLAVOUR CHOICE FOR MILLIONS
Peat: a compact, brownish deposit of partially decomposed vegetable matter saturated with water: found in uplands and bogs and used as a fuel (when dried) and as a fertiliser.
The Heart of a Good Whisky
There comes a time in the life of everyone who has developed an appreciation of malt whisky when you feel the need to discover exactly how that aromatic, deeply satisfying and complex spirit is produced.
Investors could warm up their portfolios with a wee dram – as rare Scotch prices soar on the back of the Brexit deal
Originally Posted By Toby Walne, Financial Mail on Sunday – Investors could warm up their portfolios with a wee dram – as rare Scotch prices soar on the back of the Brexit deal.
An Insider Insight – From Scotch to Whisky Investment
Originally Posted By Inside Hook – Rare spirits continue to break auction records. And for good reasons.
Why Investing in Whisky Is Pandemic-Proof
Originally Posted By Inside Hook – Rare spirits continue to break auction records. And for good reasons.
£1.2million expected in auction for rare bottle of Macallan 60-year-old
Originally Posted By Strathspey Herald – The second half of one devoted whisky lover’s ‘perfect collection’ will go under the hammer next month in a sale that is set to go down in whisky history.
The Hot Alternative Investments to Watch in 2021
Originally Posted By Bloomberg – Whisky, music and the great outdoors are just some of the other ways to put your money to work.
Whisky industry to get £10m to go green
Originally Posted By www.nwemail.co.uk – THE WHISKY industry will be given £10m Government funding to go green.
2020 – A Year of Pain. But Gain in the Grain?
There is nothing unusual about distilleries shutting down operations for a while.
6 alternative investments to diversify your portfolio
Originally Posted By https://www.singsaver.com.sg – The COVID-19 pandemic and resulting economic crisis are stark reminders that a diversified portfolio is key for growth
Whisky collection of over 9000 bottles worth £3.9m up for auction
Originally Posted By https://dailybusinessgroup.co.uk – Britain today dramatically announced it was suspending EU tariffs on US products in an attempt to persuade Washington to drop damaging duties on single malt scotch whisky.
Global Whisky Market 2020
Originally Posted By https://cheshire.media – Whisky Market analysis is provided for the Global market including development trends by regions, competitive analysis of Whisky market. Whisky Industry report focuses on the major drivers and restraints for the key players.
The Macallan Red Collection Sells for £756,400 / $975,756
*Featuring The Macallan 78 Years Old, the Oldest Aged Whisky Ever to be Sold at Auction* *Proceeds to be Donated to Food Charity, City…
Do you enjoy a drink, Gordon?
My job interview with a top London public relations consultancy was almost at an end. How should I reply? Tell the truth. They’ll find out soon enough anyway. ‘That’s good,’ came the response, ‘because one of the clients you’ll be working on is Glenmorangie whisky.’
Whisky collection of over 9000 bottles worth £3.9m up for auction
Originally Posted By https://thewhiskeywash.com – Did you know that whiskey can be more than just your favorite beverage? Besides winding down with a glass at the end of the day, this dark and delicious drink might actually belong in your investment portfolio as well.