Kitwave Share News (KITW)

Kitwave FY results seen in line with expectations

(Sharecast News) - Wholesale business Kitwave Group said on Monday that its full-year financial results were forecast to be in line with current market expectations.

LONDON BRIEFING: Melrose wins GE Aerospace deal; Prudential optimistic

(Alliance News) - London's FTSE 100 is set for an underwhelming start to the week, ahead of a slew of purchasing managers index readings from the continent to come.

IN BRIEF: Kitwave directors and wives sell total GBP3.3 million shares

Kitwave Group PLC - North Shields, England-based food wholesaler - Chief Financial Officer David Brind sells 500,000 shares for 324.5 pence each on Tuesday for total GBP1.6 million. Alix Maxted, wife of Kitwave Chief Operating Officer Ben Maxted, sells 150,000 shares for 324.5p each for total GBP486,750. Tina Hope, wife of Director John Hope, sells 100,000 Kitwave shares for 324.5p each for total GBP324,500. Norma Mackay, wife of Director Jay Mackay, sells 80,000 Kitwave shares for 324.5p each for total GBP259,600. Olga Young, wife of Director Chris Young, sells 200,000 Kitwave shares for 324.5p each for total GBP649,000. Total aggregate value of transactions is GBP3.3 million.

Kitwave confident in annual results after strong half-year growth

(Alliance News) - Kitwave Group PLC on Tuesday said it increased its revenue and profit in its first half year, with its WestCountry acquisition as a "significant highlight," and said its expects its financial 2023 results to surpass market expectations.

LONDON BRIEFING: Sainsbury's sales up; Eurowag buys more of JITpay

(Alliance News) - Stocks in London are to open a touch lower on Tuesday, with little in the way of catalysts for global markets, given a lack of major data and a holiday in the US.

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Kitwave expects annual results to top market view

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days

DIRECTOR DEALINGS: Croda, Weir and Kitwave executives sell shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News:

EARNINGS UPDATES: Kitwave hails rise in annual revenue and profit

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

UK earnings, trading statements calendar - next 7 days

Kitwave buys fresh-food retailer WestCountry Food for GBP29 million

Kitwave Group PLC - North Shields, England-based food wholesaler - Buys 166 year-old local, regional and imported fresh food retailer WestCountry Food Holdings Ltd for GBP29.0 million. Kitwave says that the acquisition has been funded via current banking facilities and a new three-year revolving credit facility provided by its banking partners. WestCountry reported pretax profit of GBP3.9 million and revenue of GBP29.7 million in 2021. Kitwave CEO Paul Young says: "The acquisition of WestCountry enables us to expand our product range to include high-quality fresh produce and complements our existing foodservice offering in the South West, following the acquisition of MJ Baker earlier in 2022." Kitwave bought Devon-based MJ Baker Foodservice Ltd in February for GBP24.5 million, which it said would be immediately earnings enhancing.

Canaccord Genuity raises target price on Kitwave

(Sharecast News) - Analysts at Canaccord Genuity raised their target price on food wholesaler Kitwave from 345.0p to 390.0p on Monday following the group's acquisition of WestCountry Food.

TRADING UPDATES: Gulf Marine wins deal; Kitwave trades in-line

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Canaccord Genuity reiterates 'buy' rating on Kitwave

(Sharecast News) - Analysts at Canaccord Genuity reiterated their 'buy' rating on Kitwave shares on Friday, stating price weakness provided a buying opportunity.