Britvic reported a “strong start to the year” as its sales increased 4.3%, while fellow drinks manufacturer AG Barr claimed it was on target to meet its profit expectations for its financial year.
Three food and drink manufacturers have posted positive financial results, with Finsbury Food Group seeing a jump in revenue and Britvic and First Milk reporting profit rises.
Soft drinks firm Britvic may seek improved terms for its partnership with AG Barr, after the Competition Commission gave provisional approval for the merger today (June 11).
Soft drinks firm Britvic’s plan to cut hundreds of jobs – with the closure of two factories and a warehouse – has been slammed by the union Unite as “a bitter blow” to the workforce and the local economy.
Britvic revenues dropped 2.6% to £1,256M in the wake of a £25M recall of its Fruit Shoot drink – sparked after a six-year-old boy from Essex nearly choked on a ‘spill-proof’ cap.
Britvic's £25M recall of its Robinsons Fruit Shoot and Fruit Shoot Hydro bottles happened after a six year old boy from Colchester nearly choked on a ‘spill proof’ cap.
Britvic has gained a foothold in the €12.5bn French soft drinks market with a €237m deal to acquire soft drinks firm Fruité that will "serve as a platform for growth across Western Europe".
