Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Trading Update
Autumn Trading
Autumn trading has started very well despite the unseasonably warm weather in September. Net revenue for the week commencing 9th October was the highest on record (excluding black Friday) and the highest ever for gross margin. Sales on Sosandar.com are in line with the results of the Q2 trial, with margin and AOV significantly increased, and orders and revenue aligned to the Company's expectations of the new reduced promotional plan.
Sales through third party partners have also been very strong with Next and M&S in particular having a great start to the autumn season. The Sainsbury's brand-new fashion concept stores have just gone live over the first two weeks of October with a wide range of Sosandar product selling well in all of the nine stores. In addition, the partnership with Freemans, which launched in September, has also had a very strong start to trading with Sosandar.
Oct 17 (Reuters) - British e-commerce group THG (THG.L) kept its annual revenue and profit outlook unchanged on Tuesday and said it returned to revenue growth in September on a constant currency basis
THG said the impact of global destocking on its beauty manufacturing business has eased after reporting a 4.4% drop in third-quarter revenue.
· Successful completion of the Group's three-year global infrastructure roll-out, and the strong efficiencies these investments are delivering, means we now anticipate FY 2024 capex spend will be c.£30m less than previously guided at £100m to £110m (FY 2023 guidance c.£135m).
No change from last rating in reality but I think people read the headlines
https://www.fitchratings.com/research/corporate-finance/fitch-affirms-idr-of-thg-plc-at-b-maintains-negative-outlook-09-10-2023
Https://www.prolificnorth.co.uk/news/asda-mobile-appoints-thgs-ingenuity-commerce/
Looks as if Thg are targeting some big companies
https://www.canteen.com/
https://www.sysco.com/
https://www.usfoods.com/