Conviviality News
Here are all todays headlines related to Conviviality News. If you wish to drill deeper to view past Conviviality News items, follow the next 20 headlines link at the foot of the page.
04-04-2018
Collapsed drinks business Conviviality sold its wholesale business to Magners cider maker C&C Group on Wednesday, having earlier appointed administrators and confirmed talks were ongoing with "a number" of parties interested buying its retail chains.
03-04-2018
Investors in collapsed drinks supplier Conviviality are "considering the possibility" of legal action against the company's board, according to newspaper reports, while buyers circle to buy parts of the business before it is placed in administration.
29-03-2018
Less than a month after drinks wholesaler and retailer Conviviality found a major error in its accounts, the Bargain Booze and Wine Rack owner said it plans to call in the administrators, putting supplies to pub customers such as JD Wetherspoon at risk.
28-03-2018
Conviviality Plc, the owner of the Bargain Booze and Wine Rack chains, said it was talking to its lenders and advisors about other funding options, including a potential sale of all or parts the business after failing to scrape together a £125m round of emergency cash.
25-03-2018
Fevertree Drinks shares are now one to 'avoid' said the Sunday Times' Inside the City column, having increased almost 2000% from its flotation four years ago at 134p. Co-founder Charles Rolls sold a 2.6% stake last week, which saw the share price drop 5% to 2,807p. The company therefore has £3.2bn market cap, but turned over £170.2m in 2017 and generated £56.4m in profit.
19-03-2018
Conviviality chief executive Diana Hunter has thrown in the towel at the Bargain Booze owner after a succession of profit warnings, accounting and tax issues.
16-03-2018
Alcohol wholesaler and distributor Conviviality may issue new shares to ease its financial strife, while tax authorities, creditors and customers were said to remain supportive.
14-03-2018
Conviviality has suspended its shares after discovering a £30m tax bill that could force the alcohol wholesaler and distributor to break its banking covenants.
13-03-2018
AIM-listed alcohol wholesaler and distributor Conviviality was under pressure again as it confirmed that adjusted earnings for the current year will come in between £55.3m and £56.4m, 20% below market expectations.
09-03-2018
Mark Moran, chief financial officer of alcohol wholesaler Conviviality, acquired 120,000 ordinary shares in the Cheshire-based firm on Friday.
08-03-2018
AIM-listed alcohol wholesaler Conviviality was under pressure on Thursday after saying that adjusted earnings before interest, tax depreciation and amortisation for the current year are likely to be around 20% below current market expectations.
29-01-2018
Shares in independent alcohol and impulse products wholesaler and distributor Conviviality watched its share price plunge almost 10% on Monday morning, after it announced its results for the 26 weeks to 29 October early in the day.
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