Fever-Tree boss snaps up £1m worth of shares as tonic maker slashes profit guidance July 17, 2022 The boss behind tonic-maker Fever-Tree has coughed up more than £1m on shares after the firm suffered a huge blow last week. A concerning profit warning meant the London-listed company’s stock crashed by some 26 per cent late last week. Now, chief executive Tim Warrillow has bought 115,000 shares at 870.8p each while Fever-Tree’s chairman [...]
Veteran Fevertree chairman announces retirement May 3, 2022 Longstanding Fevertree Drinks chairman Bill Ronald has announced he will be retiring in May next year. Ronald joined the premium tonics and drink mixer maker in June 2013 ahead of Fevertree’s debut on the London Stock Exchange the following year. He has given a year’s notice to allow the company to start looking for a [...]
Drinks focus: Makar Original Dry Gin is the best of Glasgow April 21, 2022 Makar Original Dry Gin is the first commercial gin to ever be made in Glasgow. Located within spitting distance of the Braehead Shopping Centre and a stone’s throw from Ibrox Stadium, the Glasgow Distillery makes a range of single malts, a blended malt whisky, a spiced rum, and botanical vodkas. But its largest range is [...]
The City View: Markets up, and nickel chaos March 16, 2022 Today City A.M.’s Charlie Conchie takes the reigns of The City View podcast, chatting to Economics and Markets reporter Jack Barnett. They discuss markets being up; the Fed and the Bank of England’s probable rate hikes; commodity prices settling; and the London Metal Exchange, which suspended nickel trading today. Charlie also goes through the headlines: [...]
Soft drink giant Fever Tree highlights short term cost ‘uncertainty’ amid war in Ukraine March 16, 2022 Beverage maker Fever Tree has said Russia’s invasion of Ukraine has caused “significant uncertainty” for short term costs. Tim Warrillow, co-founder and CEO of Fever-Tree, said the war in Ukraine had “resulted in significant uncertainty in relation to our input costs in the short term.” UK revenue leaped 15 per cent in full year results [...]
Wagamama sales surge ahead of pre-Covid levels as the Restaurant Group ‘mindful’ of Ukraine inflationary impact March 16, 2022 Wagamama owner the Restaurant Group has reported sales surging ahead of pre-pandemic levels as the hospitality sector recovers from lockdowns. In full-year results, the operator said like-for-like sales at Wagamama, plus its pubs and leisure divisions, were well ahead of the 2019 comparable. Pub sales were up nine per cent while its leisure division saw [...]
City Moves: Who’s switching jobs in the Square Mile today? December 9, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. UHY Hacker Young Accountancy group UHY Hacker Young has bolstered its London office with a new research and development (R&D) tax partner. Joining from East Midlands firm Duncan & Toplis, Kevin Edwards is set to advise on [...]
Awards 2016 October 26, 2021 The City A.M. Awards for 2016, held at the glitzy Grange hotel opposite St Paul’s Cathedral, saw 14 individuals or businesses collect gongs in front of a star-studded audience of around 500 City figures. Our congratulations go to all the winners who stood out during 2016 for their exceptional work. The event, however, is not [...]
Categories October 26, 2021 Categories 2022 Interested in sponsoring a category this year? Email our team at awards@cityam.com for more details. Insurance Company of the Year The insurance sector has had an extraordinary year, not just coming out of a pandemic but amid a host of natural disasters. This year we’re looking not just at insurers who are delivering for shareholders [...]
Fever-Tree doubles European sales in H1 2021 September 15, 2021 Fever-Tree has published a strong set of financials for the first half of the year with the company’s European revenue growing by 102 per cent. Total revenue surged by 36 per cent to £141.8m in H1 2021, up from £104.2m in 2020. The European market saw the strongest growth with intake doubling from £20.5m to [...]