Distil (AIM:DIS) rallied 8% as the AIM-listed spirits group reported volumes had started to pick up again ahead of the crucial Christmas season.
Second-quarter revenues were down 11% year-on-year, but this was in line with overall market trends, said the statement.
August and September volumes were up 5% year-on-year with the focus now on increased promotional support through the key Christmas period, said the RedLeg Rum and Blackwoods gin group.
“The market is showing early signs of improved consumer confidence with the full-year outlook more positive, but we remain cautious, and cash management will be a focus area for the business”.
Shares rose by 0.02p to 0.21p on Tuesday.