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July 16, 2019

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.

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.

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