Kitwave Share News (KITW)

Canaccord Genuity hikes target price on Kitwave

(Sharecast News) - Analysts at Canaccord Genuity raised their target price on wholesale business Kitwave from 225.0p to 345.0p on Tuesday, stating a "strong" first half and a solid start to H2 had driven further upgrades to the stock.

IN BRIEF: Kitwave swings to half-year profit on strong trading

Kitwave Group PLC - North Shields, England-based food wholesaler - Swings to profit in the half-year that ended April 30, boosted by stronger trading. Swings to interim pretax profit of GBP5.6 million from a loss of GBP3.5 million a year ago. Revenue jumps 52% to GBP222.3 million from GBP147.1 million. Declares an interim dividend of 2.50 pence per share.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Kitwave guides to full-year ahead of expectations

Kitwave Group PLC - North Shields, England-based food wholesaler - In the six months ended April 30, the company experiences a first-half strong performance with all divisions trading at pre-pandemic levels or higher. Kitwave now expects full-year results slightly ahead of expectations. Adds there is a heavier weighting towards toward in the second half of its year.

Kitwave ahead of expectations after strong first half

(Sharecast News) - Independent wholesaler Kitwave reported a "strong" first half financial performance in a trading update on Wednesday, with all divisions now trading at pre-pandemic levels or higher.

UK shareholder meetings calendar - next 7 days

EARNINGS REPORTS: Dalata hotels narrows loss and moves into Europe

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

Canaccord Genuity raises target price on Kitwave

(Sharecast News) - Analysts at Canaccord Genuity slightly raised their target price on wholesale Kitwave from 240.0p to 255.0p on Monday, stating a "positive start" to the 2022 trading year had driven further upgrades for the stock.

UK earnings, trading statements calendar - next 7 days

AIM WINNERS & LOSERS: Mycelx sinks 15% despite positive outlook

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Kitwave shares rise on acquisition of foodservice supplier MJ Baker

(Alliance News) - Shares in Kitwave Group PLC on Friday rose after the food wholesaler said it acquired the entire issued share capital of foodservice supplier MJ Baker Foodservice Ltd for GBP24.5 million.

Kitwave acquires MJ Baker Foodservice

(Sharecast News) - Wholesale business Kitwave Group has acquired West Country independent foodservice supplier MJ Baker Foodservice for £24.5m in cash, funded from existing banking facilities.

TRADING UPDATES: Kitwave performs ahead of expectations in second half

TRADING UPDATES: Kitwave performs ahead of expectations in second half

Kitwave FY pre-tax profits seen 'significantly ahead' of expectations

(Sharecast News) - Wholesaler Kitwave Group said on Friday that it expects to report full-year pre-tax profits "significantly ahead" of expectations.

TRADING UPDATES: Sabre cautiously optimistic; Restore resumes payout

TRADING UPDATES: Sabre cautiously optimistic; Restore resumes payout