#Philanderer, good find, these moves can result in increased sales to retail competitors, or perhaps a negotiated settlement with the supermarket chain where they reduce their margins..? Pepsi is a strong brand name to try to replace on the shelf with Panda pop.. :o) |
One of the largest supermarket chains in France is refusing to sell PepsiCo products on the grounds they have become too expensive to stock.
A spokesperson for Carrefour said the move would apply to its network of more than 9,000 stores across France, Spain, Italy and Belgium.
The chain said it had deployed signs in-store that blamed "unacceptable price increases" for the move. |
Carrefour pulls PepsiCo products in four EU countries over price hikes |
Almost exactly this morning's fall, which is currently good being the wider market falls. |
xd thursday morning for the 22.6p dividend. |
JPMorgan raises Britvic price target to 1,100 (1,050) pence - 'overweight' |
Investors Chronicle:
The shares currently look relatively cheap, trading at 13 times forward consensus earnings compared to a 5-year average of 15 times. Trading has been resilient despite cost of living pressures, helped by brand equity. Consumers may be swallowing higher prices, but margins aren't impressing.
Hold. |
The company made no comment on trading in the early part of the 2024 financial year, although analysts at UBS see no reason for material changes to City forecasts following today’s figures.
Britvic increased its full-year dividend by 6.2% to 30.8p a share, which it said reflected confidence in its prospects and strong balance sheet. This will be paid on 7 February.
ii.co.uk |
Agree, very happy to hold |
Reliable numbers , happy to hold. |
Another 22.6 pence in the pot.. :o) |
Results wednesday. |
London Essence expands Crafted Sodas range with two variants |
Back down through chart support now. |
Kepler Cheuvreux cuts Britvic to 'hold' |
Citigroup cuts Britvic price target to 1,025 (1,060) pence - 'buy' |
Peel Hunt raises Britvic to 'buy' (hold) - price target 1,000 (920) pence |
Peel Hunt upgrade this morning from hold to buy |
Deutsche Bank raises Britvic price target to 870 (865) pence - 'hold' |
Britvic : Plenish goes for industry first with the launch of UK's only Barista M*lk range free from added oils and additives |
'Pepsi Max launches Mango variety'
The new launch comes in 500ml, 1,25l, 1.5l and 2l bottles, and multipacks of eight and 24 330ml cans |
Barclays upgrades Britvic to 'overweight'
Barclay has upgraded its stance on the shares of Britvic and lifted its target price by 10%, saying the "stars are aligning" for the soft drinks maker.
The bank has raised its rating from 'equal weight' to 'overweight', and hiked its target price from 1,000p to 1,100p.
Britvic said back in July that trading in ts third quarter had been "strong", with revenues up 9.9%, helped by positive price/mix and volume growth. This raised year-to-date revenue growth to 8.6%.
The company also announced two acquisitions: Jimmy's Iced Coffee in the UK, and Extra Power in Brazil.
"In the wake of COVID and inflation disruption to the implementation of Britvic's new growth strategy, we now see headwinds clearing and identify multiple top-line and margin drivers that can deliver accelerated growth," Barclays said in a research report on Tuesday.
"Our updated forecasts are 4%+ ahead of consensus from FY24E onwards."
sharecast.com |
Thanksd OH, here we go ....Barclays raises Britvic to 'overweight' (equal weight) - price target 1,100 (1,000) pence |
I see Barclays has upgraded Britvic to buy from hold. Definitely adding to the share price this morning on an already positive day for the wider market. |
27 Jul 2023
Britvic expands its portfolio with the addition of the UK’s fastest growing ‘ready to drink’ iced coffee brand
The Board of Britvic plc ("Britvic") announces today the acquisition of Jimmy’s Iced Coffee. Founded in 2010, Jimmy’s Iced Coffee is the fastest growing[1] ready-to-drink iced coffee brand in the segment, thanks to its uplifting brand personality, refreshing range of products, differentiated packaging and multi-channel presence.
The Board of Britvic plc ("Britvic") announces today the acquisition of the Extra Power energy drink brand in Brazil from GlobalBev. This marks an important extension of Britvic’s Brazilian operations, consistent with Britvic’s strategy to accelerate and expand its presence across Brazil. |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
