Britvic forced to recall products using dangerous new cap
Soft drinks firm Britvic has been forced to recall all of its Robinsons Fruit Shoot and Fruit Shoot Hydro packs, which feature a new design cap, due to a potential packaging safety issue, resulting in a reduction to profits.
Soft drinks firm Britvic has been forced to recall all of its Robinsons Fruit Shoot and Fruit Shoot Hydro packs, which feature a new design cap, due to a potential packaging safety issue, resulting in a reduction to profits.
The firm said that at this early stage it anticipates that there will be a "limited" cost estimated at between £1.0m and £5.0m to profit before tax in the current financial year.
The fault - an issue with a small number of damaged caps which may become fully or partially detached - was discovered during the company's on-going testing and analysis process.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"Britvic is quickly working to resolve the packaging issue so that normal production can be resumed," the company said.
The firm, which is still analysising the potential financial impact of the recall, was keen to emphasise that no other Robinsons products are affected by the fault.
Shares in the company dipped 1.85% to 328.30p by 11:29.
NR
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published