(Alliance News) - Stocks in London ended the week in the green after positive retail sales data from the US, easing fears over future US interest rate hikes. Read More
(Alliance News) - Premium mixers maker Fevertree Drinks PLC on Friday said rising costs and supply chain woes are putting pressure on profit, leading the firm to slash to its full-year guidance. Read More
(Alliance News) - Stocks in London were broadly higher at midday on Friday, amid easing fears over future US interest rate hikes, while the AIM market was weighed down by a lowered earnings guidance from highly rated Fevertree Drinks. Read More
(Alliance News) - Shares in Fevertree Drinks PLC crashed on Friday as it warned of a margin hit from higher costs, slashing its full-year profit guidance as a result. Read More
Fevertree Drinks PLC - London-based drink mixers producer - Says on-trade sales in UK at the start of the year were impacted by Omicron but that the company has since seen momentum. In the US, Europe and the rest of the world markets, on-trade sales are "well above" pre-pandemic levels. In UK off-trade has re-balanced. Elsewhere, off-trade has performed well, company says, with demand in the US particularly strong. Read More
Fevertree Drinks PLC - London-based drinks company - Announces Chair Bill Ronald intends to retire from his role at the time of the annual general meeting in May of next year. Senior Independent Director Coline McConville will lead the process to identify and appoint his successor. Ronald has served as chair since 2013, before the company's initial public offering in 2014. He will stay in his position until the AGM next year to "facilitate effective succession planning", the company says. Read More