Majestic buoyed by demand for wine

Wine warehouse chain Majestic today said half-year profits increased 17% after the business continued to benefit from a surge in demand for fine wine.

Average spend per transaction lifted £6 (€8.9) to £121(€179.9) as sales of wines priced at £20 (€29.7) and above increased by a third on last year – adding to the 30% increase reported for the previous financial year.