Alcohol retail and wholesale giant Conviviality has posted falling profits amid its interim results, sending its share prices falling 12 per cent. In the 26 weeks to October 29, the Bargain Booze and Wine Rack owner saw total revenues climb 9.2 per cent to £836.3 million, while retail sales grew 10 per cent. Christmas retail sales were also positive, rising 12.3 per cent over the nine-week period to December 31.
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Conviviality sees profits drop amid interim results