|Bid||685.50 x 83400|
|Ask||686.00 x 246500|
|Day's range||685.00 - 699.50|
|52-week range||633.50 - 839.00|
|PE ratio (TTM)||16.24|
|Earnings date||23 May 2018|
|Forward dividend & yield||0.27 (3.82%)|
|1y target est||823.07|
Britvic (Stuttgart: A0HMX9 - news) will take a charge of up to 40 million pounds ($57 million) this financial year due mainly to the closure of a factory in eastern England, the soft drinks maker said on Wednesday, hitting its shares despite a rise in quarterly sales. The maker of Robinsons squash and Tango fizzy drinks said it October it planned to withdraw from a factory in Norwich - a site co-occupied with Anglo-Dutch consumer giant Unilever (NYSE: UL - news) , which subsequently said it would also pull out. Britvic said the site would close in 2019 and it was trying to find new roles or alternative employment for its 240 affected employees.
Soft drinks makers are rushing to reduce sugar in their products as the sugar tax, announced in 2016, is due to come into force in April this year. The levy has two thresholds - manufacturers will have to pay 18 pence per litre on soft drinks with more than 5 grams of sugar per 100 ml and 24 pence per litre on those with more than 8 grams per 100 ml. Among Britvic's international markets, Brazil shone with sales rising 22.6 percent, helped by the acquisition of Bela Ischia in the second quarter last year.
Unilever (NYSE: UL - news) plans to close its Colman's mustard factory in the English city of Norwich next year, after more than 160 years, affecting 113 jobs. Production of the condiment will likely start to be transferred this year to other British sites including Burton upon Trent (BSE: 500251.BO - news) , where Marmite and Bovril are made, with some packing moving to Germany, the company said on Thursday. The decision follows a review launched in October when UK soft drink maker Britvic announced the closure of its Norwich factory, on a site co-owned with Unilever.
Shares of the UK bottler of Pepsi, 7UP and Mountain Dew Energy rose 7 percent to a record after the company also said average prices for its soft drinks rose 1.6 percent in the year. Britain is set to implement a levy on makers of sugary drinks, a move advocated by health campaigners arguing that fizzy drinks are a source of empty calories. The tax is due to come into force in April 2018, giving soft drinks makers such as Britvic and Coca-Cola European Partners time to reduce sugar in their products.
Global stock markets have surged anew over the past 24 hours, with MSCI’s all-country world index setting new records again on Wednesday slipstream of all four major Wall St indices notching up new highs ...
Hundreds of jobs are in jeopardy at a historic production site where Robinsons squash and Colman's Mustard have been made for decades. Britvic (Stuttgart: A0HMX9 - news) has announced plans to close its factory in Norwich, where Robinsons has been made for more than 90 years, putting 242 jobs at risk. The company said it planned to transfer production of Robinsons and another drink, Fruit Shoot, away from Norwich to sites in east London, Leeds and Rugby.
Britvic said it would transfer the production of its Robinsons and Fruit Shoot brands from the Norwich site, which is co-owned with Unilever (ULVR.L), to plants in East London, Leeds and Rugby. Unilever, which makes famous English mustard brand Colman's on the same site in Norwich, said it was launching a review of its production at the plant, with options including closure.
Oct (Shenzhen: 000069.SZ - news) 3 (Reuters) - Britain's Britvic Plc (Stuttgart: A0HMX9 - news) announced the closure of its Norwich factory on Tuesday, putting 240 jobs at risk and prompting fellow consumer goods producer Unilever (NYSE: UL - news) to warn it might follow suite with a neighbouring plant. Britvic said it would transfer the production of its Robinsons and Fruit Shoot brands from the Norwich site, which is co-owned with Unilever, to plants in East London, Leeds and Rugby. Unilever, which makes famous English mustard brand Colman's on the same site in Norwich, said it was launching a review of its production at the plant, with options including closure.
The Anglo-Dutch consumer goods maker, which makes Colman's Mustard in Norwich, said it was launching a review of its production at the plant. "Although no decisions have been made, we need to recognise that Britvic's proposed withdrawal would have serious implications for Unilever in Norwich," the company said. "The review will ... consider options for the most effective sourcing of the current Norwich product range.
Unilever said on Tuesday it was considering options including closing its factory in Norwich after Britvic announced it would end operations on the same site. The Anglo-Dutch consumer goods maker, which ...
Robinsons squash maker Britvic (Stuttgart: A0HMX9 - news) has announced plans to close the factory where the drink has been produced for more than 90 years, putting 242 jobs at risk. Britvic said it planned to transfer production of Robinsons and another drink, Fruit Shoot, away from Norwich to sites in east London, Leeds and Rugby. The popular brand is well known to tennis fans through its sponsorship of the Wimbledon Championships.
British soft drinks group Britvic Plc said on Thursday revenue rose 6.5 percent in the three months to July 9, as a sunny month of June lifted sales in Britain and international markets. Total revenue ...