Britvic shares popped 11% as the soft drinks maker announced its third share buyback alongside a bullish first-half update.
Profits at the Robinsons, Tango and J2O maker jumped 17% to £100.4 million on an underlying basis in the six months to end March 2024, with revenues 11% better at £880 million.
Simon Litherland, chief executive, said the improvement came from its "family favourite brands” coupled with accelerated growth in Brazil and across multiple new products, such as London Essence, Aqua Libra and Plenish.
Investment behind its brands rose by over 38% in the period, he added, stating Britivic was on course for a "strong full-year performance".
Shares jumped 11% to 1,014p, close to a five-year high.