Chapel Down toasts rising sales as English fizz grabs market share from champagne

Price rises help lift profits as sales of its sparkling wine soar but still products slide

• Business live - latest updates

English sparkling wine maker Chapel Down toasted a 14% rise in sales last year to 15m as the company said homegrown fizz makers had grabbed share from champagne.

The Kent-based vineyard, which listed on the Aim junior stock market last month, said it had increased sales of its core sparkling wine by 25% last year helped by a 12% increase in prices.