Southcorp posted Nielsen figures showing that its wine sales had increased in the US and Australia in the 13 weeks to the end of October compared with the corresponding period in 2001. It also showed that sales in the UK had risen in the eight weeks to the end of August.
AUSTRALIA: Upbeat statement lifts Southcorp shares
The Australian wine group, Southcorp, saw its shares rise by 4% after it issued an upbeat trading statement, reporting that its sales were up in Australia, the US and the UK.