date:Jul 12, 2012
ottom end of market expectations, before taking account of the impact of the Fruit Shoot recall,Britvic said, pointing to its Q3 results on July 19 2012.
'Avoidable' recall issue
In a note published this morning, stockbroker Panmure Gordon moved from a 'hold' to a 'sell' rating on Britvic's stock, and on the basis of the recall and weak trading, reduced its pre-tax profit forecasts for the company by 25m in 2012, to 80.1m, and by 20.5m in 2013 to 101.5m
Whilst Britvic cannot control the weath