11/07/2012
Fruit Shoot Recall Costs Soar
The cost of recalling faulty Robinson Fruit Shoot and Fruit Shoot Hydro packs will be much greater than initially estimated, according to the soft drinks maker Britvic.
It is also expected that the recall will have a bugger impact on the companys full-year results, now expected to be at the lower end of market expectations.
The company had said last week it expected the recall to cut profit before tax by between £1m and £5m for the current fiscal year.
However they are now estimating that the recall would cut between £15m and £25m from profit before tax for the current and next financial years.
Britvic said it was unable to speedily resolve the issue regarding faulty new design caps, which led to the recall, despite its investigations.
It would use an alternative cap for the packs and start to resupply customers in six weeks.
Britvic, which also produces and sells PepsiCo brands such as Pepsi and 7UP in Britain and Ireland, said it continued to be affected by poor weather and weak demand in the UK.
Shares in Britvic were down 13% on Wednesday morning at 259.1p.
(H)
It is also expected that the recall will have a bugger impact on the companys full-year results, now expected to be at the lower end of market expectations.
The company had said last week it expected the recall to cut profit before tax by between £1m and £5m for the current fiscal year.
However they are now estimating that the recall would cut between £15m and £25m from profit before tax for the current and next financial years.
Britvic said it was unable to speedily resolve the issue regarding faulty new design caps, which led to the recall, despite its investigations.
It would use an alternative cap for the packs and start to resupply customers in six weeks.
Britvic, which also produces and sells PepsiCo brands such as Pepsi and 7UP in Britain and Ireland, said it continued to be affected by poor weather and weak demand in the UK.
Shares in Britvic were down 13% on Wednesday morning at 259.1p.
(H)
Related UK National News Stories
Click here for the latest headlines.
05 January 2015
Salmonella Detected In Aldi Chocolate
Aldi has recalled 200g packs of Choceur Treasures because salmonella was detected in one batch of the product. The packs, with a best before date of 1 September 2015, have been on sale in Aldi stores in the Midlands region only. The FSA has issued a Product Recall Information Notice.
Salmonella Detected In Aldi Chocolate
Aldi has recalled 200g packs of Choceur Treasures because salmonella was detected in one batch of the product. The packs, with a best before date of 1 September 2015, have been on sale in Aldi stores in the Midlands region only. The FSA has issued a Product Recall Information Notice.
14 March 2014
Police Appeal For Preston Man Wanted On Prison Recall
Police are appealing for information to try and find man from Preston who is wanted on prison recall. James Thomas Hallsall, 31, is wanted after breaching the terms of his licence and police would also like to speak with him in connection with a drugs supply offence.
Police Appeal For Preston Man Wanted On Prison Recall
Police are appealing for information to try and find man from Preston who is wanted on prison recall. James Thomas Hallsall, 31, is wanted after breaching the terms of his licence and police would also like to speak with him in connection with a drugs supply offence.
02 August 2006
Salmonella chocolate scare to cost £20 million
Chocolate manufacturer Cadbury has said that the salmonella scare at one of its production plants is expected to cost around £20 million this year. The scare, in late June, led to more than a million products being recalled.
Salmonella chocolate scare to cost £20 million
Chocolate manufacturer Cadbury has said that the salmonella scare at one of its production plants is expected to cost around £20 million this year. The scare, in late June, led to more than a million products being recalled.
02 November 2004
Commemorations to focus on WWII home front veterans
Home front veterans across Britain are being supported by the Lottery to mount a range of commemorative concerts and events marking the end of the Second World War.
Commemorations to focus on WWII home front veterans
Home front veterans across Britain are being supported by the Lottery to mount a range of commemorative concerts and events marking the end of the Second World War.
11 June 2013
Britvic And AG Barr Merger Given Provisional Approval
The proposed merger of Britvic and AG Barr has been provisionally approved by the Competition Commission. Ahead of its final report, due to be published in July, the commission said the potential merger would not significantly effect wholesale prices or harm competition.
Britvic And AG Barr Merger Given Provisional Approval
The proposed merger of Britvic and AG Barr has been provisionally approved by the Competition Commission. Ahead of its final report, due to be published in July, the commission said the potential merger would not significantly effect wholesale prices or harm competition.
-
Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.