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Last Updated: Thursday, 25 May 2006, 10:47 GMT 11:47 UK
Britvic hit by fizzy desertions
Cans of Pepsi
Pepsi is one of the fizzy drinks Britvic produces in the UK
Shares in UK soft drinks firm Britvic fell by 12% to 180p after it announced a 32% fall in first-half profit.

Britvic also said full-year earnings would be slightly below expectations.

The group, which sells Pepsi, Tango and Robinsons as well as its own brands, has been hit by a consumer move away from fizzy and sugary drinks.

It said it had been a "difficult" six months in the carbonated drinks market since Christmas, with its revenue from brand-name drinks down 5.3%.

Shares later recovered slightly to stand at 192.50p.

The firm is looking stronger in the still drinks sector, where sales are up on last year's level.

Britvic is the second-largest fizzy drinks firm in the UK behind Coca-Cola.


SEE ALSO:
Health kick hits Britvic's fizz
04 Apr 06 |  Business
Britvic shares plunge on warning
02 Mar 06 |  Business
Shares valuing Britvic at 494m
09 Dec 05 |  England
Britvic workers to receive shares
25 Nov 05 |  Business
Britvic 'to reveal float plans'
13 Nov 05 |  Business


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