Fever Tree maintains fizz as home sales bubble up March 18, 2021 A very strong performance from its off-trade division prevented mixer maker Fever Tree’s revenues going flat this year, the firm said this morning. With the collapse of its hospitality sales – or “on-trade” – division, which historically accounted for 45 per cent of the firm’s revenues, due to the pandemic, the company may have been [...]
Weird and wonderful Airbnb places within an hour of London March 17, 2021 The starting pistol has been fired on domestic holidays, with less than a month until the 12 April opening up of restrictions. And with so much pent up demand for being anywhere apart from one’s own home, there looks set to be a surge in demand for cottages, villas, eco-pods, Airbnbs and good old bed [...]
Best of travel: Coachella’s lesser known Desert X festival February 10, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. This week we revisit Laura Millar’s exploration of Coachella’s other contemporary art festival. Read more: Jaguar XF P300 review: revitalised luxury at a surprisingly low price ••• The locals were… curious. For the past few weeks, as they’d [...]
Why baijiu is set to take the UK spirits business by storm February 2, 2021 The famous Chinese poet Li Bai of the Tang Dynasty had some very precise ideas about drinking. He once wrote, “One’s drinking companions should be elegant, unrestrained, forthright, understanding, old friends or beautiful”. He further counselled that “The best places for drinking should be in front of flowers, in the bamboo forest, in a high [...]
Tate & Lyle to beat profit expectations as consumers cook at home during lockdown January 28, 2021 Sweetener manufacturer Tate & Lyle is set to beat profit expectations due to strong demand as more people cooked at home during lockdown. The firm, which sold its eponymous sugar brand in 2010, said its food and beverage solutions division recorded sales growth of eight per cent due to higher volumes, good prices and the [...]
Fever-Tree to beat revenue expectations as supermarket sales soar in lockdown January 28, 2021 Fever-Tree expects to beat revenue expectations for last year following strong supermarket sales of its soft drinks and mixers during the pandemic. The firm said this morning that total revenue for 2020 is expected to be £252.1m, ahead of guidance provided in September. Revenue will be down three per cent on the previous year due [...]
ITV reaps the benefits of controversial Diversity performance September 30, 2020 TV’s Britain’s Got Talent has restarted its 14th series after taking a three-month break during the COVID-19 pandemic. Kicking off the semi-finals, judge Ashley Banjo and his dance group Diversity gave a special performance retelling the events of 2020, including references to coronavirus and the death of George Floyd prompting global Black Lives Matter protests. [...]
Shakespeare: Fever-Tree’s a hit with the drink-from-home consumer during lockdown September 23, 2020 This month Fever-Tree, a producer of high quality drink mixers, announced that they are expecting a very gradual recovery as consumers return to restaurants and pubs now that they are reopening following coronavirus. Fever-Tree has managed to limit the hit to its sales as consumers shifted to at-home drinking, helped by the brand’s first national [...]
Fever-Tree shares lose fizz as bar closures bite September 8, 2020 Fever-Tree’s share price slipped more than five per cent as markets opened this morning, after lockdown-enforced bar and pub closures left the brand too reliant on supermarket sales. Overall revenue fell 11 per cent year on year in the six months to the end of June, dropping to £104.2m from £117.3m. In the UK a [...]
Fever-Tree shares fall as bar closures impact sales July 14, 2020 Fever-Tree’s share price fell more than five per cent this morning, as investors took stock of its trading update amid the coronavirus pandemic. While the first two months of this year were in line with the company’s expectations, the drinks maker said trading had been “dominated” by coronavirus from March onwards. Its so-called on-trade division [...]