J20 and Tango owner Britvic suffers slump in sales due to hospitality restrictions January 28, 2021 Soft drinks group Britvic, which owns J2O, R White’s lemonade and Robinsons, suffered a slump in sales in the first quarter due to restrictions on pubs, bars and restaurants. The FTSE 250 firm said this morning that total revenue declined 9.8 per cent to £328.1m in the three months ended 31 December. The Hemel Hempstead-based [...]
Coronavirus bar and restaurant closures hit Britvic’s income for the year November 26, 2020 Britvic posted a near 22% slide in adjusted operating income for the year as coronavirus restrictions hurt demand at bars, restaurants, cinemas and other public places. The soft drink company’s adjusted earnings before interest and taxes fell to £165.8m for the 12 months ended September 30, down from £214.1m a year earlier. Britvic’s shares, which [...]
Britvic profit loses its fizz as France law hurts sales November 27, 2019 Fizzy drink maker Britvic suffered almost a 25 per cent plunge in annual profit, it revealed today, following a writedown of French assets. Read more: Squashed: Britvic looks to cut final salary pensions The figures Profit before tax sank 24.3 per cent to £110.3m for the year to the end of September after Britvic struggled [...]
Squashed: Britvic looks to cut final salary pensions August 11, 2019 Drinks producer Britvic is planning to slash the money it pays out to 6,000 members of its final salary pension scheme. The FTSE 250 firm, which produces Robinsons soft drinks, is looking for court approval to stop measuring inflation according to the retail prices index (RPI), and instead switch to the consumer prices index (CPI). [...]
Britvic revenue slumps in challenging market July 24, 2019 Drinks producer Britvic warned this morning that revenue dipped in the third quarter of the year due to a “more challenging” market. The company, which owns brands such as 7up, Tango and Robinsons, said revenue was £360.1m, a decrease of 1.5 per cent on last year. Read more: Britvic installs Tesco finance guru as new [...]
Fevertree Drinks: Does 20% slump offer rare chance to buy? June 5, 2019 | City Talk By Edmond Jackson from interactive investor. It’s one of the great stock market success stories but is vulnerable to shifts in sentiment. Our companies analyst shares his thoughts after a savage sell-off in May. Following my recent review of soft drinks firm Britvic (LSE:BVIC), it is pertinent to compare the risk/reward profile of AIM-listed Fevertree (LSE:FEVR) – both as a potential [...]
Stocks for a durable ISA portfolio in the Brexit years March 24, 2019 | City Talk By Edmond Jackson from interactive investor. With the Brexit outcome still uncertain, companies analyst Edmond Jackson picks five larger cap stocks and three AIM shares for a resilient ISA. Be aware how sentiment towards equities hinges currently on whether Brexit is "resolved" by way of "Soft" business-friendly outcome, or the UK leaves the EU without [...]
Britvic installs Tesco finance guru as new chief financial officer March 11, 2019 Soft drinks giant Britvic has brought in the financial boss of a firm which is part of Tesco as its chief financial officer, in a move which pushed shares up one per cent on Monday morning. The company, which acts as Pepsico’s producer in the UK, has appointed Joanne Wilson, who will leave her role as [...]
Britvic profits fizz in the face of challenging year as low sugar alternatives surge November 29, 2018 Britvic, PepsiCo's UK producer, defied a flat retail market hit by a CO2 shortage this summer to exceed expectations in its full year results, giving share prices a five per cent boost. But as traders felt the sugar rush this morning, consumers have done the opposite, moving towards low and zero-sugar alternatives in the wake [...]
Asos appoints ex-Britvic finance chief as new CFO October 23, 2018 Asos today appointed Britvic chief financial officer Mathew Dunn as its new CFO. The exact start date is yet to be announced, though the online retailer has said that Dunn will join the firm in spring 2019, leaving Britvic to take on the role. Read more: Shares in Asos soar on news of boosted profits and revenue [...]