|Master Investor Magazine
Never miss an issue of Master Investor Magazine – sign-up now for free!
Shares in FTSE 250 soft drinks producer A.G. Barr (LON:BAG) fizzed up by 13.97% to 620p (as of 12:15 GMT) after it published a trading update for the year ended 25th January. Management said that adjusted pre-tax profits were towards the top end of market estimates, despite revenues being lower than last year. The company’s reworked strategy increased average realised prices and cash generation remained strong.
CEO Roger White commented: “Our focus remains the delivery of long-term value growth. We are taking action to reset our business and we enter the new financial year with confidence and a strong trading plan“.