Fevertree shares bubble up after rise in off-trade sales during lockdown
A look at the major movers on the London market on Thursday
Fevertree Drinks PLC (LON:FEVR) was toasting a rise in its shares after it reported strong sales for its posh mixers from stay-at-home drinkers during lockdown.
And while it expected the reopening of pubs and restaurants to give another boost to its business, it believed at-home consumption of long mixed drinks is becoming increasingly established, supported by both the retailers and spirit companies.
UK off-trade sales in the 13 weeks to the middle of April rose by 10.1% year on year, while US sales jumped 38.2% year-on-year in the 12 weeks to the end of March.
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