Gusbourne wins English wine award after bumper harvest

Josh White WebFG News | 23 Nov, 2017 15:10 - Updated: 15:10 | | |

edgar test 10



11:30 14/12/17
  • 21,074.99
  • 0.04%8.90
  • Max: 21,098.62
  • Min: 20,923.53
  • Volume: 0
  • MM 200 : n/a
13:20 14/12/17
  • 0.00
  • 0.00%0.00
  • Max: n/a
  • Min: n/a
  • Volume: n/a
  • MM 200 : n/a
17:17 25/09/06

Kent-based winemaker Gusbourne announced on Thursday that it has been awarded the IWSC 'English Wine Producer of the Year' accolade, for the third time in the past five years.

The AIM-traded firm described the International Wine & Spirit Competition as “setting the benchmark” for international wine competitions.

Entries were received from almost 90 countries, with each wine judged at a permanent onsite cellar by more than 400 global experts judging products for seven months of the year.

The IWSC 2017 trophy award for best English producer followed the IWSC 2017 medal awards, which saw Gusbourne receiving two gold, two silver and four bronze medals.

Gusbourne also confirmed that its 2017 harvest was now complete, and had been the most successful harvest to date in terms of quality, with a yield that exceeded expectations.

It said an early start to the year resulted in the earliest ever harvest in Gusbourne's history.

As a result, grapes were able to benefit from full ripeness with optimum levels of both natural sugar and acidity.

Additionally, a warm and dry summer resulted in “significantly higher” yields than anticipated.

Despite widespread frost at the start of the season affecting vineyards across Europe, Gusbourne said the vast majority of its vineyards were unaffected.

That was said to be a result of “careful” site selection, vineyard management and a planned investment in advanced frost protection measures.

“We are extremely excited by the quality of the 2017 harvest which has proved an excellent year for grape growing and winemaking,” said chairman Andrew Weeber.

“Our dedicated team have produced an excellent crop that will add to our inventories of premium sparkling wine as we continue to grow our business.”

More news

13:18 BoE expects gradual and limited policy tightening over medium-term

The Bank of England kept policy on hold by a unanimous vote as had been widely-anticipated given previous guidance for a very gradual pace of tightening over the medium-term.

13:13 China tweaks lending rates after Fed decision

China's central bank tweaked two of its policy rates in what some analysts said was a bid to relieve pressure on the country's currency.

13:04 Google trends reveal the most searched terms of 2017

Bitcoin, the increasingly popular cryptocurrency has dominated Google’s top searches this year.

13:16 ECB keeps all rates unchanged, confirms guidance on asset purchases

The European Central Bank has opted to keep all its main policy rates unchanged, with policy-makers reiterating that they expect to keep all their key rates as they are until well past the end of the ECB's net asset purchase programme.

12:53 Zotefoams investing £12m in Croydon facility

Cellular materials technology company Zotefoams announced that it will invest approximately £12m to increase capacity at its Croydon site.

12:46 Europe midday: Stocks slip ahead of ECB

Stocks are holding lower, tracking a mixed close on Wall Street overnight and on the back of a mixed batch of economic data out of China overnight and a tweak in monetary policy by the People's Bank of China - a timely reminder perhaps of the potential ripple effects of US policy decisions and vice-versa.

12:42 Magnolia pleased with initial production at Gilchrist

US-focussed oil and gas exploration and production company Magnolia Petroleum announced on Thursday that the initial production rates for the Gilchrist 2016 1-36H well in Oklahoma had significantly exceeded its projections, producing 652 barrels of oil per day (bopd), with a volumetric flow rate of 1,178 Mcfd - or 770 barrels of oil equivalent per day - with an associated flowing tubing pressure of 120 psi.

12:44 Walt Disney to buy 21st Century Fox assets in $52.4bn deal

Walt Disney has (finally) announced an agreement to buy the entertainment assets of 21st Century Fox in a deal worth around $52.4bn.

12:33 Brave Bison extends video deal with Royal Dutch Shell

Social video company Brave Bison has entered into a two-year extension of its commercial partnership with Royal Dutch Shell, it announced on Thursday.

12:23 Avation enters $100m aircraft revolving credit facility agreement

Avation has entered into a secured aircraft revolving facility agreement with an unnamed “leading” international bank, it announced on Thursday.