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Britvic shares climb on FTSE 250

Britvic shares climb on FTSE 250
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The value of soft drink manufacturer Britvic's shares climbed in stock market trading on Friday (May 27th).

Despite seeing its pre-tax profit drop to £27.7 million for the six months up to April 17th - from £27.8 million the previous year - the company value increased on the FTSE 250.

Paul Moody, chief executive of the firm, noted that market conditions "remain challenging" in Ireland, but revenue grew in France.

In the financial statement, he said: "Our GB business performed well, with a particularly good second quarter, which saw revenues increase by 6.8 per cent over the last year and a strong performance in carbonates."

Britvic announced that it is pushing its dividend up by 8.5 per cent.

According to Reuters, the company vastly outperformed the FTSE All Share Beverages Index over the past three months, growing 16 per cent during the period compared with the five per cent recorded by the overall benchmark.

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