o Revenue down 12% underlying o Cash operating income² down 13% underlying; 11% margin o Adjusted³ operating profit down 19% underlying; 9% margin o Adjusted profit before tax down 20% underlying o Adjusted EPS up 12% · Interim dividend increased +1% to 7.6p · Statutory · Active portfolio management strategy delivering value creation: o Increased investment in Cazoo in October 2020; proposed transaction values stake at c.US$1.35bn
5 vs £117m total investment o Disposal of EdTech (Hobsons) for c.US$410m in March 2021 o Acquisition of New Scientist for £67m in March 2021 · Strong financial position maintained: pro forma net cash £293m
6 and £362m of committed undrawn bank facilities; statutory net cash £199m
Tea Drops raises $5m to support ongoing innovation of bagless tea offerings, increased distribution
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Dissolvable beverage startup Tea Drops raises $5M
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TORONTO, April 28, 2021 (GLOBE NEWSWIRE) Flow Capital Corp. (TSXV:FW) today announces that it has completed a USD $2,500,000 investment in the socially-responsible beauty services brand, MiniLuxe.
Through its brand platform of clean beauty products and services, MiniLuxe exists to provide self-care for everyone, anywhere at any time. Through 2+ million nail care services, MiniLuxe has set the industry standard for the most used and least-regulated beauty service with health, hygiene, and fair labor practices. Bridging technology with experiential design across an omni-platform, the company s vision is to become the world s leading ethical nail-care brand and to continue to empower its diverse community of nail designers, who represent the largest independent female workforce. Building off its talent platform in providing training, economic mobility, and career growth, MiniLuxe is poised to reimagine upskilling and edu-ployment at scale. Its line of offerings is non-toxic