Whisky curator ASC eyes growth, Phoenix rising – Daily Business

Andrew DaneAndrew Dane
Andrew Dane, CEO of Artisanal Spirits Company, will update this week

Artisanal Spirits Company, owner of the Scotch Malt Whisky Society, has been expanding its global interests with export deals in Brazil and Denmark and new franchises in India and Vietnam.

After posting a cut in its pre-tax losses for the full year in March, it said the new financial year had begun with double-digit revenue growth.

The company posts interim figures on Wednesday and investors will be keen to hear if there has been any change in its US and Chinese markets.

Phoenix Group, the long-term savings company, raised its earnings forecast after reporting a 31% increase in annual adjusted operating profit.

This was driven by growth in both Pensions & Savings, and Retirement Solutions.

Analysts will also be looking for indications in Monday’s half-year figures that it is on target to achieve c.£1.1bn of IFRS adjusted operating profit in 2026, up from a previous target of £900m.

There was talk earlier in the summer that it would rebrand as Standard Life, but nothing has emerged. The company may have something to say around speculation that the government may change taxation around pensions.

DIARY

Monday 8 September

  • First-half results from Phoenix Group

Tuesday 9 September

  • First-half results from Computacentre and James Fisher
  • British Retail Consortium UK retail sales figures

Wednesday 10 September

  • First-half results from Artisanal Spirits Company and Gym Group
  • Chinese consumer price inflation

Thursday 11 September

  • First-half results from Playtech and Fevertree Drinks
  • Trading statement from Trainline

Friday 12 September

  • UK monthly GDP
  • UK monthly manufacturing, construction and industrial output

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