Kitwave Share News (KITW)

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.

AIM WINNERS & LOSERS: Kitwave, Equals climb; Supreme slumps on caution

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

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.