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Shares in Majestic Wine (WINE) crashed 15 per cent in early trading on the release of half-year results this morning. The group reported an interim loss of �0.2m, compared to a �3.1m profit this time last year, and managed to spook investors with talk of ‘stockpiling’ wine ahead of a possible no-deal Brexit. Management said it was “planning to bring �5m to �8m of additional inventory into the UK”, in order to “mitigate any potential supply chain Brexit disruption in March 2019”. That said, some of the added inventory will also be used to support the group’s plan to expand its Naked Wines brand in the US.
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