All Bestway articles – Page 7
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News
Conviviality service levels drop ahead of crucial Easter weekend
Service levels in the crucial run up to Easter now as big a concern as cash flow, sources claim
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News
Media Bites 27 March: Casino, Amazon, Conviviality
French supermarket giant Casino has signed a distribution deal with Amazon
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City snapshot: Conviviality seeks £125m from investors to save the business
Conviviality has announced an equity placing to raise £125m in a bid to recapitalise the business – without which it said it was “unlikely” to be able to continue. Plus on a busy day in the City, Produce Investments back in profit, protein woes weigh on 2 Sisters, Reckitt pulls out of Pfizer talks and all the rest of the news from the City.
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News
Diana Hunter steps down as Conviviality CEO
She has resigned with immediate effect, while non-executive chairman David Adams has stepped into the role of executive chairman
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News
Bestway credits soaring profits to Best-one performance
Bestway credits soaring profits to Best-one performance
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Comment and Opinion
Why has Conviviality spent out on company-owned stores?
The flotation of Conviviality on the stock market in 2013 was one of the most unlikely events in the history of grocery
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Analysis and Features
Can Conviviality recover from its week of woe?
A surprise profit warning, arithmetic errors, unexpected tax bills. The booze giant has a struggle on its hands.
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News
City snapshot: Conviviality explores equity fundraising to plug financial hole
Beleaguered booze retailer and wholesaler Conviviality has issued another market update to attempt to reassure the City, this time suggesting it is exploring an equity fundraising to plug the hole in its balance sheet.
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News
Conviviality faces fight for survival in cash crunch
Booze giant Conviviality faces a battle for survival after a week of turmoil that saw more than £350m wiped from its value and PwC called in for help.
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Conviviality calls in PwC after unexpected £30m tax bill
The ailing booze giant is to meet with HMRC and key stakeholders
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News
Conviviality suspends shares after week of turmoil
The Bargain Booze and Matthew Clark owner’s shares have crashed by around two thirds since last Thursday
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News
‘Arithmetic error’ to blame for wiping £365m off Conviviality
Conviviality has updated the market after its shock profits warning on Thursday to confirm that its full-year adjusted EBITDA will be around £14m lower than previously forecast.
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News
Two-thirds wiped off value of Conviviality after shock profits warning
Shares in Bargain Booze owner Conviviality plunged by more than two-thirds after the alcohol retailer and wholesaler issued a shock profits warning.
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Bestway reports recruitment of 60 ex-Costcutter & Mace stores
Best-One experienced an 18.9% year-on-year sales increase from February 2017 to February 2018
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News
Bestway Wholesale unveils branding for new van sales operation
Bestway Vans Direct is split into two, with one division for snacks and the other for sweets
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News
Conviviality shares suffer following margins warning
The company’s shares fell c19% from 302.5p to 285p over the course of the morning, wiping £132m from Conviviality’s market…
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City snapshot: Retail sales growth boosts Conviviality full-year revenues
Drinks retail and wholesale group Conviviality grew sales by 9.2% in the first half of its financial year, driven by 10% growth in its retail operations. Plus all the rest of the latest news from the City and a look at the week ahead.
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News
Bestway Wholesale to hold 'Big Thank You' promotional event
The Big Thank You will runs across its entire depot estate and online from tomorrow
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News
Bestway launches van sales operation following P&H demise
Noel Robinson, who previously headed up the P&H operation, will oversee the new division…
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Conviviality merges drinks buying teams in leadership revamp
Changes would “truly leverage the scale of Conviviality”, the drinks giant said