Britvic

Ticker BVIC

Today's data summary

Market open
% change
+0.25%
Price Pence
797.00
Change
+2.00
As of 10:28 21 Sep 2018
Market cap. Pound sterling
2,083.66 million
As of 12:13 11 Sep 2018

Latest updates

Heatwave creates thirst for drinks

Water
Getty Images

More on Britvic.

The soft drinks maker says that sales in the UK rose by 1.9% excluding the Soft Drinks Industry Levy which came into force in April.

With the new tax, UK revenue rose by 8% in the third quarter to 8 July.

In Ireland, Britvic's still drinks - in particular its Ballygowan water - did well because of the heat wave. Excluding the levy, sales rose by 6.6% and with the tax, grew by 11.3%.

Conversely, poor weather in France sent its revenue down by 15%.

CO2 shortage casts a pall on hot weather for Britvic

Britvic
Getty Images

Britvic says that the recent shortage of CO2 gas has impacted on its ability to make the most of the hot weather.

The soft drinks maker reported a 3.4% rise in third quarter sales to £366.9m, compared to 4.5% growth in the same quarter last year.

Britvic chief executive Simon Litherland, said: "Whilst the industry-wide shortage of carbon dioxide held back our ability to fully capitalise on the exceptional weather in GB and Ireland, we leveraged the breadth and strength of our portfolio to moderate the impact."

Commenting on the CO2 shortage, Britvic said: "To ensure continuity of supply across all trading channels, we temporarily scaled back our promotional activity and reallocated some of our secondary feature space to stills.

"Supply has now normalised, enabling us to start rebuilding stock levels and gradually reintroduce promotions."

Norwich Britvic workers take fight to Wimbledon

Nic Rigby

BBC News

Britvic workers from Norwich have headed to Wimbledon to call on the company to listen to them.

Robinsons bottles
BBC

Members of the GMB union are on strike pressing for improved redundancy packages after the soft drinks company, which produces Robinsons which traditionally sponsors the tennis championship, announced it would be closing its factory next year.

Ivan Mercer, regional organiser for the GMB, said: "Wimbledon is synonymous with Robinsons and other than the Robinsons factory in Norwich this is the home of Robinsons.

"They [Britvic] are completely ignoring our requests to talk or improve their redundancy package."

Britvic said it had already offered enhanced redundancy terms.

Unions and MP call on government to re-open Britvic consultation

Andrew Sinclair

BBC Look East political correspondent

Trade unions and the Norwich South MP Clive Lewis have written to the Business Secretary Greg Clark calling on him to intervene and re-open the consultation into the proposed closure of the Britvic factory at Norwich.

They say the consultation, which ended last week, "was not clear or meaningful".

In their letter they say: "We do not believe that standing idly by while over 800 direct- and indirectly-employed regional workers lose their jobs is appropriate for any government."

The letter says that full-time trade union officials were excluded from the consultation and that the independent directors of Britvic twice turned down a request to meet the workforce.

If Mr Clark refuses to re-open the consultation, i understand that legal action could be taken against the company.

Fruit shoot bottles
BBC

MP holds surgery for concerned Britvic employees

The MP for Norwich North has held a surgery at the Britvic factory in Norwich, for employees concerned at the potential closure of the site.

Chloe Smith at the Britvic factory
Chloe Smith

Chloe Smith (Conservative) met with employees at the end of last week and listened to their concerns, whilst updating them on the work she is doing to support the closure-prevention campaign.

Last week, Chloe met the Secretary of State for Business, Energy and Industrial Strategy in Westminster, to discuss the possible closures of Britvic and Unilever’s operations in Norwich.

Chloe emphasised that around 350 jobs could be at risk.

MPs call on business secretary to save Norwich jobs

The business secretary Greg Clark has promised to do all he can to help staff at Britvic and Colman's, and to ensure that food production continues in Norwich.

He met with both the city's MPs yesterday, who told him that losing the two firms would have a major impact on jobs and the economy of the city.

Sign for Colman's and Robinsons at entrance to factories site
BBC

Norwich North MP Chloe Smith said that around 350 jobs could be on the line, as well as the loss of the Colman's brand, which is historically linked to Norwich.

The Conservative MP asked Mr Clark to back the Local Enterprise Partnership in assisting the two companies to find local solutions.

Chloe Smith MP, in blue jacket, stands near Westminster
BBC

Labour MP Clive Lewis, who represents Norwich South, said he doesn't think the timescales the government are talking about are sufficient for him to be able to tell the workforce that this will help in the future of the site.

Clive Lewis MP, seated and wearing tweed jacket
BBC

I said to Greg Clarke that it's really important for you to come down, meet with the workforce and look them in the eye and see how important it is to them and to our city."

Clive Lewis MP(Lab) Norwich South