Conviviality makes dividend a double as acquisitions put fizz in profits
30th Jan 2017 07:46
(ShareCast News) - Alcoholic drinks retailer and wholesaler Conviviality doubled its interim dividend after after its acquisitions last year more than tripled first-half sales and almost quadrupled profits. As the integration continued of wholesalers Matthew Clark, acquired in October 2015, and Bibe
Read moreConviviality's revenues rise as it performs in line with expectations
1st Nov 2016 11:28
(ShareCast News) - Food and drink wholesaler Conviviality revenues increased as it said it is performing in line with market expectations for the year. In an update for the 26 weeks to 30 October, total revenues were 211% ahead of last year to £783m, which includes revenues from the acquisitions of
Read moreDavid Robinson jumps to Conviviality from Argos
1st Aug 2016 11:40
(ShareCast News) - Independent alcohol wholesaler Conviviality announced on Monday the appointment of David Robinson to the board as managing director of Conviviality Retail with immediate effect. The AIM-traded firm, which operates the Bargain Booze and Wine Rack brands, said Robinson joined the gr
Read moreConviviality Retail toasts full year growth and new resilience
18th Jul 2016 10:15
(ShareCast News) - Bargain Booze operator Conviviality Retail doubled annual earnings and cash flow and says it is a "stronger and more resilient business able to thrive in uncertain economic times". Revenues in the year to 1 May of £864.5m were 137% higher than the prior year thanks in part to the
Read moreConviviality sees annual EBITDA ahead of market views
20th May 2016 11:53
(ShareCast News) - Conviviality sees its full-year EBITDA coming in marginally ahead of market expectations as the company confirmed sales up 137% to about £864m in the 53 weeks to 1 May. Wholesale sales were in line with the prior year and like-for-like retail (LFL) sales generated by its franchise
Read moreConviviality buys Bibendum PLB for £60m
3rd May 2016 15:42
(ShareCast News) - UK alcohol wholesaler Conviviality has conditionally agreed to buy Bibendum PLB for £60m. Conviviality said the acquisition of Bibendum - a distributor and wholesaler of wine, spirit and beer to the UK on-trade and off-trade markets - will be funded through the placement of share
Read moreTuesday newspaper share tips: BT Group still worth holding despite Openreach review
2nd Feb 2016 11:03
(ShareCast News) - With the possibility that regulator Ofcom may have to separate BT and Openreach, The Telegraph's Questor is advising investors to 'hold' in the meantime. It comes after the FTSE 100 company announced on Monday that third quarter revenues have risen 3%, leaving the company's year-t
Read moreConviviality posts solid interims, sees extra benefits from acquisition
1st Feb 2016 10:35
(ShareCast News) - Half-year results from off-licence group Conviviality showed solid underlying growth in the retail business and plenty of encouraging signs from recently acquired wholesaler Matthew Clark. Group sales of £252m in the 27 weeks to 1 November were a 38% improvement on the equivalent
Read moreConviviality Retail completes Matthew Clark deal
7th Oct 2015 14:39
(ShareCast News) - Off licence and convenience stores owner Conviviality PLC confirmed it has completed the acquisition of Punch Tavern's 50% stake in drinks supplier Matthew Clark for a combined £200m. The London-listed company said the deal for Matthew Clark, a 50:50 joint venture between Punch Ta
Read moreConviviality Retail jumps on Matthew Clark acquisition
8th Sep 2015 09:19
(ShareCast News) - Shares in Conviviality Retail jumped over 20% early on Tuesday, after the off-licence and convenience store chain announced a deal to acquire drinks supplier Matthew Clark (Holdings) for £200m. Conviviality said it expects the deal to be concluded early next month, adding it will
Read moreConviviality Retail serves final results as aperitif for Matthew Clark deal
13th Jul 2015 10:44
(ShareCast News) - Conviviality Retail, owner of the Bargain Booze chain of off-licence shops, posted final results showing small rises in revenue and profits, though the company's shares remain suspended as it attempts to engineer a reverse takeover of the larger Matthew Clark wine wholesaling busi
Read moreOff-licence chain Conviviality Retail enjoys strong Christmas sales
19th Jan 2015 14:18
Off-licence and convenience chain Conviviality Retail increased its profits by 46.7% during the first half of the year and reported a strong Christmas period despite a challenging market. Last year's loss before tax of £1.1m moved to profit of £2.7m this year. As a result, the company reported earni
Read moreSector movers: Grocery stocks tank after yet another profit warning from Tesco
9th Dec 2014 15:20
Another profit warning from Tesco shattered already-fragile sentiment in the supermarket sector on Tuesday with grocery stocks falling sharply. Tesco's shares were down 7.4% at 173.4p in afternoon trade, having dropped as much as 16% early on, after the retail giant surprised the market with an unsc
Read moreConviviality Retail to launch Bargain Booze to Scotland amid flat UK sales
12th Nov 2014 14:31
Conviviality Retail, the largest franchised off-licence chain in the UK, has reported flat sales for its first half as it announced plans to launch its Bargain Booze-branded shops in Scotland. Sales over the 26 weeks to 26 October totalled £183m, broadly in line with last year. However, revenue on a
Read moreHydrogen CEO shows confidence in restructuring
17th Sep 2014 15:51
The day after recruiter Hydrogen Group published interim results, chief executive Tim Smeaton dipped into the market to top up his holding with 35,000 ordinary shares at a price of 88p. The £30,800 purchase took Smeaton's beneficial interest in the company to just over 12%. Tuesday's results were n
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