'Wigan bottle factory strike axed after pay offer is trebled'
Alpla UK manufactures plastic bottles and containers for customers including Britvic, Coca Cola, PZ Cussons, Lever, Arla Foods, and Princes |
OH, yes a good solid hold for me :-) |
Philanderer. Low volume and flat is the share price over the last month.IMO more of the same for a while yet long term still confident. |
As part of its commitment to the continuous improvement of its supply chain, Britvic has announced a £26.9 million investment into the future of its factory at Rugby in England, Britvic’s largest production site. The investment will see the installation of a fourth canning line, growing the site’s total capacity by a further 18%. As a result, Britvic expects to create at least 20 new jobs at the facility.
The efficient new set-up will produce recyclable 330ml cans for Britvic’s portfolio of leading brands including Tango, Pepsi and 7UP. The first cans are expected to be produced this November, with the new line fully up and running in 2022. |
 HSBC upgrades Britvic to ‘buy’, shares fizz higher
HSBC upgraded shares of drinks maker Britvic to ‘buy’ from ‘hold’ on Wednesday and lifted the price target to 1,050p from 900p on a better outlook.
The bank said Britvic’s market share in the UK has improved visibly in the last couple of years, both in carbonates and concentrates. Meanwhile, Brazil is on a growth trajectory and performance in the rest of the world benefits from restructuring of low-margin businesses.
HSBC said that prior to the pandemic, it was expecting 2020 to deliver a visible improvement in both top-line growth and margins given the improvement in operating capabilities achieved with the end of the Business Capability Programme.
"As we slowly return to normality, recovery of the on-trade in Great Britain and Ireland, and the restructuring of low margin businesses in ROW should visibly benefit the group P&L starting in 2H21.
"We believe FY22 will be a year of sustained top-line growth (+6.7% in FY22e) and margin accretion (EBITA margin +160 basis points in FY22e)."
HSBC said it remains concerned about cost pressures coming from disruptions in the supply chain in the UK and abroad, but Britvic’s simplified business and upgraded operations should enable the group to offset - at least in part - this pressure, leaving the balance to recover through price architecture.
"On the back of positive trading data in the UK and a more beneficial FX scenario, we increase our FY21-23 EBITA estimates 3-5%," it said.
Sharecast |
Bride's nightie.. ;-)
"In broker note action, Britvic was boosted by an upgrade to ‘buy’ at HSBC" |
Back to where we were before the broker note proving that the fall was well overdone.CO2 supply looks more predictable. |
Market report:
Further down the league table and Britvic, the drinks maker behind Robinsons, Lipton ice tea and Fruit Shoot, slumped after it was downgraded by analysts.
Shares in the FTSE 250 (down 0.22 per cent, or 48.7 points, to 22487.47) company dropped 4.9 per cent, or 44p, at 859p – their biggest fall in a year – after Royal Bank of Canada said it was poorly positioned, with limited brand power.
The analysts also said Britvic will need to invest heavily in labour, logistics and carbon dioxide supply in the next year.
Investors instead turned to rival Fevertree (up 1.6 per cent, or 38p, at 2471p), which is trying to crack America. |
Broker downgrades after the share price falls, all too typical behaviour.
Why do these brokers and there notes continue to guess the future, after decades of getting it wrong you would think they would give up due to embarrassment. |
Hardly deserving of this level of drop. |
Broker downgrade this morning.
RBC CUTS BRITVIC TO 'SECTOR PERFORM' ('OUTPERFORM') - TARGET 870 (1,060) PENCE |
What's going on here then? |
BERENBERG RAISES BRITVIC PRICE TARGET TO 1050 (900) PENCE - 'BUY' |
Strike at Wigan plastic bottle manufacturer to impact major brands such as Coca Cola
A strike at a Wigan plastic bottle manufacturer could impact major brands such as Coca Cola and Britvic. |
Britvic has announced a £26.9 million investment in its facility in Rugby, England, as part of its effort to improve its supply chain.
The investment will see the installation of a fourth canning line, which will increase the site’s total capacity by a further 18%, resulting in the creation of at least 20 new jobs at the facility.
The jobs created will include engineering and manufacturing, with the support of apprentices in some of these new roles.
The new line will produce recyclable 330ml cans for Britvic’s portfolio of brands, including Tango, Pepsi and 7UP. The first cans are expected to be produced in November, with the line ready to operate in 2022. |
Britvic is to create 20 jobs as part of a £26.9m investment at its factory in Rugby.
The drinks manufacturer will install a fourth canning line, growing the site’s total capacity by a further 18 per cent.
The set-up will produce recyclable 330ml cans for Britvic’s portfolio of brands, including Tango, Pepsi and 7UP. The first cans are expected to be produced this November, with the new line fully up and running in 2022.
Jobs will be predominantly in engineering and manufacturing, with apprentices filling some of the engineering roles and assisting with improvement projects as production commences. |
Britvic Ireland Awarded Origin Green Gold Membership for 2021 |
zerohedge@zerohedge
·
*UK REACHES DEAL TO RESTART FERTILIZER OUTPUT, EASING CO2 CRUNCH |
GOLDMAN CUTS BRITVIC PRICE TARGET TO 910 (930) PENCE - 'NEUTRAL'
JEFFERIES CUTS BRITVIC PRICE TARGET TO 950 (1,050) PENCE - 'HOLD' |
updated..
16th sept Deutsche hold tp 950p
6th sept Peel Hunt buy tp 1100p
26th july Goldmans neutral tp 930p
26th july UBS buy tp 1050p
23rd july RBC outperform tp 1060p
23rd july Morgan Stanley equal weight tp 950p
22nd july ++++++ update +++++ |
Thanks OH.... doesn't make a lot of difference to my portfolio , all my shares are heading south this week anyway. |
See that we had a broker downgrade, Deutsche Bank. |
Coca-Cola and Britvic plastic bottle makers plan strike action |
Peel Hunt initiates on Britvic with a ‘buy’
Peel Hunt has initiated coverage of drinks manufacturer Britvic (BVIC), where it expects a ‘significant uplift’ in earnings.
Analyst Andrew Ford initiated coverage with a ‘buy’ recommendation and target price of £11 on the stock, which closed up 1.1%, or 11p, at 987p on Monday.
‘Britvic is a UK-based soft drink manufacturer and distributor with exclusive distribution rights in the UK and Ireland for PepsiCo’s brands,’ he said.
‘Its portfolio has been fully optimised to meet the low-sugar, premium and functional energy demands of the post-pandemic consumer. The business now stands on rebuilt foundations, following the successful completion of its business capability programme.’
Ford said he expected ‘significant uplift in earnings per share and return on invested capital in the coming years and shareholder distributions to follow’. |
Britvic moves to 100% recycled plastic bottles |
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