Australia's Treasury Wine warns weak China demand to hit profits
SYDNEY Jan 30 (Reuters) - Australia's Treasury Wine Estates Ltd, the maker of Penfolds and Beringer wines, downgraded its full year earnings guidance by almost a fifth on Thursday on weak demand in China and stiff competition in its home market.
The world's second largest wine maker said it expected operating earnings of between A$190 million to A$210 million
- Abbas-led Palestinian body backs Hamas truce demands in Gaza |
- UPDATE 4-Train carrying MH17 bodies reaches government-held Ukrainian city
- Rebels likely downed Malaysian jet 'by mistake': U.S. officials
- Islamic State crushes and coerces on march towards Baghdad
- Microsoft sees end to Nokia losses, shares rise after hours