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Oberon over 3%
Https://reactnews.com/article/cbre-im-completes-warrington-warehouse-letting/
Louis Coetzee, CEO of Kibo Energy, says: "After careful consideration of all funding options available to the Company it was decided that the best funding option under current circumstances, would be to realize cash for our on-going business requirements from the recent partial share settlement of our outstanding loan with MED, whilst still maintaining a major equity interest in the company. Retaining a significant investment in MED remains a strategic component of our business strategy which we see as a source of significant on-going value creation for Kibo and boosted by MED's recent announcement of the signing of a joint venture agreement with Proventure Holdings (UK) Ltd for the funding and development of its reserve power projects. "
Similar to this
Response to Speculation
The Board of Upland notes the recent media speculation concerning the possibility of an offer being made for the entire issued and to be issued share capital of Upland.
The Board of Upland confirms that it has received an unsolicited, very preliminary approach regarding a possible offer for Upland at an indicative price of 14p from a potential offeror referred to in the approach as SEC Capital ("Potential Offeror").
These guys work with some big brands,
https://www.rightformula.com/
THG will also activate a brand it calls THG Eco, which is involved in sustainability efforts. THG is working with U.K.-based sports marketing agency Right Formula on the partnership.
https://www.sportsbusinessjournal.com/Articles/2023/10/20/williams-racing-adding-new-partnerships-thg.aspx
From their 9 month sales report out today
highly automated system-mmm!
Vitamins, minerals and supplements saw negative growth. Sales in the third quarter decreased following an IT integration issue when implementing highly automated systems during the consolidation of U.S. packaging sites. The resulting short-term supply constraints are expected to be resolved by early 2024. Market growth in the vitamins, minerals and supplements category has returned to positive territory.
Active nutrition reported mid single-digit growth, with market share gains and a robust sales development for Orgain and Vital Proteins.
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).