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Unquote
  • UK / Ireland

UK - Speculation about the future of Britvic

  • Sarah
  • 26 May 2006
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Soft drinks manufacturer Britvic issued its third profit warning in three months sparking a flurry in trading of the company's shares yesterday. Despite the dismal performance and volatility in the carbonated drinks market, Britvic shares closed 17.75p higher at 222p.

Both The Times and the Financial Times report that analysts are attributing the rise in share price to speculation that private equity firms may be taking an interest in the troubled business. Sales of fizzy drinks fell 14% in the past four weeks.
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