A cool start to the summer, rising competition and a slowdown in the gin trend have knocked the fizz out of the drinks brand Fever-Tree, which has posted a worse than expected slowdown in UK sales.
Shares in the tonic water maker dived more than 10% on Tuesday, wiping more than £300m off the company’s value, as it said poor weather in the three months to 30 June had dampened growth rates.
A cool start to the summer, rising competition and a slowdown in the gin trend have knocked the fizz out of the drinks brand Fever-Tree, which has posted a worse than expected slowdown in UK sales.
Shares in the tonic water maker dived more than 10% on Tuesday, wiping more than £300m off the company’s value, as it said poor weather in the three months to 30 June had dampened growth rates.
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