UK's Majestic Wine warns on full-year core earnings

(Reuters) - Britain's Majestic Wine Plc said on Wednesday it expects full-year core earnings to be below market expectations, citing a failed campaign in the U.S. for its Naked Wines business and poor performance at its Majestic Commercial unit. Shares in the company were down 29 percent at 309.7 pence at 0744 GMT on the London Stock Exchange. The UK's largest specialist wine retailer said first-half sales at Majestic Commercial, which supplies wines to pubs and restaurants, were flat year-on-ye