Health-conscious Brits lead Dash Water to record-breaking summer Retail Health-conscious Brits are expected to have helped sales surge by almost half at soft drink brand Dash Water thanks to a record summer. The business, which is based in London, has revealed its revenue is forecast to jump by 45 per cent in 2025 to £42m. The business, which is based in London and was [...]
UK cider set to benefit from sweetest apple crop ‘in recent memory’ Retail Multiple heatwaves in the UK have boosted expected yields from the UK’s orchards, with this year’s cider crop to be bigger and better than in recent years. The UK’s driest and hottest spring for over a century has concentrated the sugar content of apples, making them smaller but sweeter. “Last year was a perfect storm [...]
Diageo: Guinness maker warns tariffs could offset recovery hospitality Drinks giant Diageo has cautioned on the effects of Donald Trump’s tariffs on its business, which outperformed analysts’ expectations this year after a significant contraction last year. US tariffs, “whilst anticipated”, could “impact [our] building momentum,” the Guinness-maker’s chief executive Debra Crew said, adding that the levies clouded the company’s ability to predict what would [...]
Fevertree shares spike on ‘transformational’ deal with Molson Coors January 30, 2025 Fevertree shares have soared more than 20 per cent after the drinks company announced a tie-up with Coors and Carling owner Molson Coors. The agreement will see Molson Coors handle the exclusive sales, distribution and production of the Fevertree brand in the US. Analysts were uniformly positive about the deal, and expected both businesses to [...]
Diageo boss reassures concerned investors ahead of annual meeting September 26, 2024 Diageo chief executive Debra Crew has reassured investors that the company’s fundamentals remain strong despite market headwinds and a sinking share price. The company’s share price has fallen by nearly 19 per cent in the last year and just over one per cent in the last month. Crew said that consumers continue to be “cautious” [...]
Competition watchdog takes interest in Carlsberg-Britvic merger September 10, 2024 The competition watchdog announced this morning that it had opened the first stages of an investigation into the tie-up between Carlsberg and rival drinks brand Britvic. Danish brewing giant Carlsberg agreed to acquire the British soft drinks maker for £3.3bn in July, in a significant push into the UK non-alcoholic drinks market. The CMA has [...]