Live updates

MP holds meeting with Britvic

Simon Burns MP Credit: http://www.simonburnsmp.com/

Chelmsford MP Simon Burns has met with bosses of soft drinks firm Britvic over its decision to close its factory in the city. Around 230 jobs will be lost when the plant closes next year.

The Conservative said he had been reassured the firm will do all it can to help staff find alternative employment including relocation to other Britvic factories, like Norwich and the company's head office in Hemel Hempstead.

Advertisement

Merger deal referred to Competition Commission

Britvic

A £1.4 billion deal to merge Hertfordshire-based Britvic and Irn-Bru owner AG Barr has been referred to the Competition Commission.

The Office of Fair Trading said it could not rule out the possibility of higher prices following a tie-up after surveys suggested Britvic's brands Pepsi and Tango were sufficiently close alternatives to Irn-Bru to raise competition concerns.

Britvic reports profits slide

Robinsons parent company Britvic reported a slide in profits following the recall of newly-designed bottles of its Fruit Shoot drink.

The soft drinks firm, which recently agreed a £1.4bn merger with Irn-Bru owner AG Barr, saw pre-tax profits slide 19% to £84.4m in the year to September 30.

Proposed merger between Britvic and Irn Bru delayed

Proposed merger between Britvic and Irn Bru delayed
Proposed merger between Britvic and Irn Bru delayed Credit: Andrew Milligan/PA Wire/Press Association Images

A proposed merger between Essex drinks manufacturer Britvic and Irn Bru maker AG Barr has been delayed to allow more time for talks.

Britvic, which is based in Chelmsford, and AG Barr announced a new Takeover Panel deadline of November 28 to complete the deal. The merger is reported to be valued at around one point four billion pounds and could create one of the biggest soft drinks firms in Europe.

Advertisement

Today's top stories