AG Barr expects 12-15% full-year revenue slip as hospitality sales recover slowly
Revenue for the six months to July 25, 2020, is expected to drop by 8% to £113mln, with a 12% slide in the second quarter
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LON:BAG
Our business has been a soft drinks business since 1875 making, marketing and selling some of the UK’s best loved soft drinks brands. Our biggest brand is IRN-BRU which is seen by many as part of the culture of the Scottish Nation. We have been investing in and building brands like IRN-BRU for over 100 years and continue to develop our business to meet consumers continually changing needs
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Revenue for the six months to July 25, 2020, is expected to drop by 8% to £113mln, with a 12% slide in the second quarter
The soft drinks producer said 40% of its sales come from impulse buying, which has been hit by the pandemic
The Irn-Bru maker could see a permanent dent its profits by the scheme, which proposes adding 20p to the price of each bottle and can of soft drink that punters can claim back later for returning the container
Revenues for the financial year ended 25 January is expected to be 9% lower at £255mln, while adjusted profit before tax was “just ahead of” £37mln
The chief executive blames a bumper 2018 for the slump in profits
Stuart and Amanda Lorimer have made their move after the share price hit 18-month lows following last week’s shock profit warning
After an earlier profit warning that sparked worries that the fizzy drinks group has lost it sparkle, analysts look at how deep-rooted the problems are
It's a bit of a Funkin nightmare for shareholders - except that the Funkin business is the only bit that seems to be pulling its weight.
Irn Bru maker has invested £1mln in new business start-up Elegantly Spirited
The levy, which came into effect on 5 April 2018, aimed to cut down on childhood obesity rates in the UK by upping the price on drinks with high sugar content
The FTSE 250 maker of Irn-Bru said the economic and political climate in the UK meant 2019 would be “another uncertain year for UK-based businesses”, adding that for soft drinks this would be more challenging due to regulations and “ever-ch
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The UK's premier index closed up nearly 19 points at 7,169, while FTSE 250 added over 96 at 8,896
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Aside from the fizzy drinks firms, the Day Ahead will also bring updates from plumbing and heating products supplier Ferguson and North West Water firm United Utilities
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Aside from the latest instalment of the Brexit saga, the week ahead will bring updates from housebuilder Bellway, tobacco firm Imperial Brands, and soft drinks group Fevertree
“Our strong and flexible business model, our portfolio of differentiated and growing brands and our well-invested and efficient asset base give us confidence for continued profitable growth as we enter a new financial year,” A.G. Barr said
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The UK's premier share index finished almost ten points down. It was also lower on the week as a whole
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Friday will see Vodafone take centre stage, ably accompanied by Irn Bru maker AG Barr
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The Week Ahead will also bring trading updates from the likes of Vodafone, Anglo American, William Hill, Dixons Carphone, and WH Smith, plus the latest UK jobs and wages data
In the second half, the company expects a moderate impact on margins as it continues to invest
Brent crude is up over 3% at $81.50 a barrel at the time of writing..