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

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 for MoneyWeek's newsletters
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.
-
Cash in on the growth prospects of Europe's companies
Opinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
By Marcel Stotzel Published
-
Is the AI boom another dotcom bubble?
25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
By Dan McEvoy Published