Stock Spirits swings to pre-tax loss

Eastern Europe-focused vodka and spirits maker Stock Spirits swung to a pre-tax loss of £8.9m for 2013, it said yesterday, after one-off costs dragged on the firm. Stock Spirits, which listed on the London Stock Exchange last October, said expenses related to the initial public offering led to a pre-tax loss of €8.7m (£7.2m) in 2013, from a profit of €29m the previous year. The firm said 2012 results had been flattered by the sale of its US business.