Australia is poised to overtake France in the race for domination of the UK wine market.

Statistics from AC Nielsen show that Australia took 19.5% of the UK take-home market by value last year, a rise of 3%. The French share fell 3% to 23.6%.

Large drinks companies such as Allied Domecq and Diageo are thought to be keen to acquire New World companies.

Financial Times 03/3/01 page 16