Société Générale upgrades Britvic as UK market sees little impact from sugar tax
In a note to clients, analysts at the bank said the sugar tax’s impact on the FTSE 250 drinks maker would be minimal, saying that “momentum in the business is strong”
Company
Britvic PLC
LON:BVIC
Britvic is a United Kingdom-based manufacturer and distributor of soft drinks. The Company’s portfolio of brands includes names, such as 7UP, Ame, Britvic 55, J20, drench, Gatorade, Idris, Pennine Spring, Pepsi, Purdey’s, Red Devil, Shandy Bass, Tango and Lime Grove.
114 stories · page 4 of 6
Britvic shares rise as revenue increases but restructuring cost dents profits
The FTSE 250 soft drinks maker reported revenues for the period had increased 4.5% to £733.2mln, up from £701.3mln last year
Investments and investor services
FTSE 100 closes firmly in red as resource stocks suffer
Global markets are in the red after Donald Trump said he was not happy with the progress of talks with China.
Archive
M&S shareholders braced for another gloomy update
M&S announced shop closures a day ahead of its results announcement; was that to spread the bad news over two days or to ensure the bad news did not overshadow a decent trading performance?
Archive
Retailers in focus for coming week, with Marks & Spencers, Kingfisher, and Halfords set to update
Aside from the retails, the week ahead includes results from utilities Pennon PLC, Severn Trent PLC, United Utilities PLC, and SSE PLC, plus updates from Ryanair PLC and Britvic PLC, and the latest UK inflation numbers
Vivo Energy intends to float on London and Johannesburg Stock Exchanges in May
Vivo Energy has Shell-branded retail operations in 15 countries across Africa with 227mln consumers and had a 23% share of its markets in 2017
Britvic shares gain as Morgan Stanley upgrades stock to 'overweight' rating
Morgan Stanley raised its rating to ‘overweight’ from ‘equal-weight’ and lifted its target price to 870p from 680p
FTSE 100 slides as dollar rallies on expectations of a March rate hike by the Fed
US workers' pay increased 2.9% year-on-year, compared to expectations of a 2.6% increase.
Britvic goes flat as uncertainty over sugar tax offsets slight first-quarter revenue growth
First-quarter revenues rose 3.3% to £337.2mln in the first quarter, but that masks a drop-off in demand for its drinks in the key UK and French markets
FTSE 100 ends lower as pound firms; housebuilders weigh
Britain's top tier index closed around 54 points lower at 7,533
Archive
If it's fizz you are after on Wednesday, look to Britvic rather than the Fed
It would be a major shock were the US central bank's policy-makers to opt for a rate hike
FTSE 100 finishes sharply lower as financial stocks weigh
FTSE 100, which has been hitting record highs over the past weeks, hit a five week low
Archive
Unilever among the quality blue chip updates scheduled, but Fed meeting and US jobs data more important
Week ahead includes updates from FTSE 100 AstraZeneca PLC, BT Group PLC, Royal Dutch Shell PLC, and Unilever PLC, plus a Federal Reserve meeting and January US jobs data
Britvic and Coca Cola HBC fizz on broker upgrades
Deutsche Bank analyst Andrea Pistacchi likes both of the drinks makers, albeit for different reasons
Unilever to close Colman's Mustard factory in Norwich after 160 years
The Carrow Works site will shut by the end of 2019, resulting in local job losses
Britvic confirms closure of Norwich factory site with loss of hundreds of jobs
Britvic will transfer production of Robinsons and Fruit Shoot from Carrow Works to other locations across the UK
Britivic faces headwinds despite 5% increase in earnings
The make of Robinsons squash reported adjusted earnings (EBITDA) of £195.5mln but said levy on soft drinks creates uncertainty
Investments and investor services
FTSE 100 closes lower as pound firms amid Brexit bill breakthrough
London's blue-chip index closed the day lower but retailers and housebuilders did well, oh, and there was some Brexit news...
Archive
Pennon to reassure despite regulatory buffeting
Trading updates are expected from Pennon, Britvic, LondonMetric, Telford Homes and Brewin Dolphin.
Investments and investor services
FTSE 100 closes in red as sterling nudges higher; Glaxo top riser
It was an up then down day for the FTSE 100 and the Bitcoin cryptocurrency set new highs.