PUNT OF THE WEEK

WHAT IS IT? Bulk booze retailer Majestic has been going since 1991. With 210 retail branches in the UK, it is the country’s largest specialist wine retailer.

WHAT’S THE LATEST? Majestic swung from a £3.1m profit to a £152,000 loss in its most recent half-year results, which battered shares. But despite gloom in the retail sector, sales over the Christmas period were up more than 6pc on the previous year.

WHO BACKS IT? John Apthorp, a co-founder of Wizard Wine, is the largest shareholder with an 18pc stake.

WHY YOU SHOULD INVEST Majestic’s torrid trading last year, which pushed the shares down by 45pc, creates an interesting proposition for investors.

The company had explained the losses were due to a large investment in its business. AND WHY YOU

SHOULDN’T Brexit is putting a significant question mark over the business.

Majestic has been stockpiling imported wine to try to make sure it can get customers their chosen tipple.

But investors may well be cautious about the short-term impact of a no-deal Brexit for the company.