There was plenty to toast for the founders of premium mixer-maker Fever-Tree today as the company’s shares shot up by as much as 30% on their first day of training in London today.

Fever-Tree raised £93.3m on London’s AIM earlier this week with a 134p-per share offer valuing the company at £154.4m. The shares climbed as high as 174.5p in early trading – valuing the company at over £200m – before settling back to 165p (a rise of 23%) by the end of the day. In total, Fever-Tree has floated 60% of the company, with private equity investor LDC retaining a 10% stake and the firm’s existing management team keeping a 24% shareholding.

Elsewhere, the share price movements were a little more muted than the (literal and metaphorical) fireworks of earlier this week.

There was something of a reversal of fortunes for a number of yesterday’s big movers as investors either took their profits from those stocks that had been on the up or sensed bargain potential in those recently under pressure.

As such, Morrisons (up 6% yesterday) fell 2.4% to 168.4p, while Coca Cola HBC (up 1% yesterday after reporting third quarter figures) fell 2.4% to 1,360p. Conversely, Tate & Lyle (down yesterday after a 40% first half profit drop) was 1.7% up today to 608.7p.

The pattern was replicated across smaller food and drink firms as Dairy Crest dropped back to by 7.4% to 454p having risen by 15% yesterday after selling off its milk business. Meanwhile, John Menzies started its long recovery from losing 35% of its value since Tuesday, by rising back up 7.6% to 342p. Majestic Wine (down 3.5% yesterday) was 5% up today to 369.9p.

Other recently under pressure firms having a good end to the week included Tesco (up 1.9% to 185p), while Premier Foods carried on its recovery from October lows to rise 4.4% to 36p. Other big risers today included Ocado (up 3.8% to 307.1p) and Poundland (up 2.4% to 313.3p).