Lack of consumer spending power is forcing retailers to maintain high levels of promotional activity against their own preferences, according to Marnie Millard, md of soft drinks firm Nichols.
Weight Watchers beverages brand owner Nichols’ growing profitability, resulting from slashing fizzy drinks promotions and growing still drinks market share, is freeing management to focus on corporate deals, claims one analyst.
Coca-Cola Enterprises (CCE) can push total UK soft drinks sales past the £13bn mark by 2018 if it focuses on growth in six core consumer occasions or ‘moments’, it claims.
The value of the soft drinks industry rose by 3.3% to nearly £15bn last year, according to a new report published by the British Soft Drinks Association (BSDA) today (May 8).
The acquisition of Premier Foods’ East Anglian canning business has helped to boost the sales figures growth of food and drink manufacturer Princes by 28%, according to figures filed at Companies House last week (December 12).
Chr Hansen is claiming that the "outstanding stability" of its new range of bright and intense red, vegetable-based colours is a "landmark innovation" .
Analysts remained sympathetic to Irn-Bru maker AG Barr after it reported that profits had been buffeted by factors including this year’s “unprecedented weather”.
Rising costs in the UK soft drinks market has hit sales at Vimto manufacturer Nichols despite the firm posting a strong performance for the period ending December 31.
Led by higher-margin niches such as health and wellness and energy products, the soft drinks industry is maintaining a brisk pace in metal packaging innovation.
Soft drink firm Nichols is still on the acquisitions trail after revealing what one analyst hailed as "bloody good" interim results for the half year to June 30.
Premium adult soft drinks business Bottlegreen has been sold to Northern Irish-based food group SHS, which already owns the Shloer, WKD and Merrydown brands.
Nichols chief executive Brendan Hynes has revealed to FoodManufacture.co.uk that the Meryseyside-based drinks giant is on the acquisition trail, after it reported a 23% rise in pre-tax profit to £15.1m for 2010.
Manufacturers cooking or heat-treating foodstuffs can, for the first time, access revolutionary biomass boiler technology that will enable them to cut utility spending and carbon emissions.
Britvic has taken on around 60 new staff at its soft drinks canning factory in Rugby in preparation for a switch to round-the-clock production to meeting growing demand.
Soft drinks giant Britvic is confident of meeting profit expectations for the full year but has warned of continuing volatility in the Irish soft drinks market.
The performance of the UK soft drinks market will continue to improve over the next three years, despite a shaky record since 2007, according to commentators and industry bosses.
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".
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