date:Jul 21, 2012
Panmure Gordons Damien McNeela and Graham Jones penned a note on the UK-based soft drinks giant this morning reiterating a sell recommendation on Britvics stock.
This was priced at 288p/share as we went to press, but was just above 330p on July 1, before the recall news hit on July 2 and the price plummeted.
McNeela and Jones were reacting to Britvics bleak Q3 2012 interim management statement (IMS), covering the trading period from April 16 to July 8 2012.
This showed overall group revenue