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Fevertree Drinks PLC shares bubble up after rise in off-trade sales during lockdown


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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LONDON BRIEFING: Kingfisher and easyJet show contrast in Covid impact


LONDON BRIEFING: Kingfisher and easyJet show contrast in Covid impact
Thu, 20th May 2021 08:21
(Alliance News) - DIY store chain Kingfisher on Thursday raised its profit guidance as the pandemic-spurred demand for home-improvement supplies continues.
The positive results contrasted starkly with those of low-cost airline easyJet, which also reported Thursday, showing the uneven economic impact of Covid-19. easyJet sank deeper into loss as it flew only 15% of its capacity due to government restrictions.
Kingfisher said it delivered strong sales growth in the first quarter, with positive momentum continuing into the second quarter.
For the three months to April 30, Kingfisher reported total group sales of GBP3.44 billion, up 64% on a like-for-like basis, supported by strong demand in the UK and France as well as continued e-commerce sales progress. ....

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