date:Aug 25, 2012
d in mid-July that the recall issue (and lost Fruit Shoot sales since mid-July) could cost up to ₤25m ($39.6m) while fears arose that the full-year profit hit could affect shareholder dividends.
Analysts scrambled to downgrade the firms full-year profit expectations, as Britvics share price fell to 260p on July 11. Although it has since rebounded (309p this morning), media reports have linked this to takeover talk.
Tittle-tattle or takeover battle?
However, one industry source (who wished to