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.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Car finance compensation: FCA warns drivers against using rip off claims firms for share of £18bn
The FCA estimates most eligible motorists will receive around £950 in compensation per agreement – and said they won’t need a claims management company or law firm to access a redress scheme
-
Small UK industrial stocks are hidden gems
Opinion Ed Wielechowski of the Odyssean Investment Trust highlights three of his favourite British small-cap industrial stocks