A profits warning from AG Barr this morning brought a strong reaction from London’s financial market. The Irn-Bru owner’s forecast that full-year profits will be down 20% on the year-prior sent shares spiralling by almost 30%. Consequently, the gains AG Barr had made since the UK Government implemented its sugar tax last April were almost completely wiped out.
Bellwether AG Barr can show UK soft drinks how to survive sugar tax woes – Analysis
A profits warning from AG Barr this morning brought a strong reaction from London's financial market. The Irn-Bru owner's forecast that full-year profits will be down 20% on the year-prior sent shares spiralling by almost 30%. Consequently, the gains AG Barr had made since the UK Government implemented its sugar tax last April were almost completely wiped out.
July 16, 2019
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