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LON250:BAG, Jul 18, 11:49 UTC

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Tuesday, July 16


News

After AG Barr’s profit warning is it time to can the Irn Bru maker?

BAG

AG Barr is about much more than just the iconic orange tipple. Soft drinks maker AG Barr PLC (LON:BAG) surprised the market with its earlier warning about very soft first-half trading, but has the Scottish company lost its fizz? There were several issues bottled up at the heart of the profit decline, as the FTSE 250 group struggled with the hangover from an “unprecedented year for soft drinks” last year as a heatwave combined with a CO2 shortage and after-shocks from the soft drinks sugar tax. More than £250mln was drained from Barr’s market value on Tuesday as it warned that lower sales in the first half are unlikely to be fully fixed in the second half and so profits for the full year will be down 20%. “Relying on the Scottish weather for sales is not much of a strategy,” snarked analyst Neil Wilson at Markets.com, a Scotsman who admits he has not “dabbled in a swally” of Irn Bru since he was in short breeks.

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  • Business
  • Financial
News

TOP NEWS: AG Barr Shares Plummet After Profit...

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(Alliance News) - Shares in soft drinks maker AG Barr PLC plummeted Tuesday after weak trading ... (Alliance News) - Shares in soft drinks maker AG Barr PLC plummeted Tuesday after weak trading during the first half of the year saw revenue sink 10%, with forecasts that full-year profit could be as much as a fifth lower. The stock hit a new 52-week low of 601.00p in early trade. For the 26 weeks ending July 27, revenue is forecast by the company to fall 10% to GBP123 million from GBP136.9 million reported the year prior. AG Barr reported trading during the period had been "below our expectations" amid a number of market and brand-specific headwinds. In particular, AG Barr said 2018 had been a year of "unprecedented" challenges for the industry through a combination of a new soft drink levy, carbon dioxide shortages, and a hot summer.

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Story Sources

morningstar.co.uk
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  • Business
  • Financial
News

AG Barr issues profit warning

BAG

Irn-Bru fizzy drink maker AG Barr PLC (LON:BAG) said trading in the financial year to date has been below expectations. The company said the tail-off in sales volumes had been exacerbated by some specific brand problems, particularly in Rockstar energy and Rubicon juice drinks, as well as disappointing spring and early summer weather, most notably in Scotland and the north of England. On the plus side, the company said it is seeing “positive indications of acceptance of the new price positioning” while the Funkin cocktail mixers business is more than holding its own. "While the Funkin business goes from strength to strength, it has been a challenging start to the year for Barr Soft Drinks,” admitted Roger White, the chief executive officer of AG Barr.

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Monday, July 15


News

Andrew Lewis Memmott Purchases 16 Shares of A.G. Barr plc (LON:BAG) Stock – Tech Know Bits

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The stock was acquired at an average cost of GBX 898 ($11.73) per share, for a total transaction of £143.68 ($187.74). A.G. Barr plc has a 52 week low of GBX 659 ($8.61) and a 52 week high of GBX 980 ($12.81). Finally, Barclays reaffirmed an “overweight” rating and set a GBX 3,150 ($41.16) target price on shares of in a report on Wednesday, June 5th. A.G. BARR p.l.c., together with its subsidiaries, manufactures, distributes, and sells soft drinks in the United Kingdom and internationally.

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techknowbits.com
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  • Financial

Wednesday, July 10


News

Andrew Lewis Memmott Buys 16 Shares of A.G. Barr plc (LON:BAG) Stock – Slater Sentinel

BAG

The stock was acquired at an average cost of GBX 898 ($11.73) per share, for a total transaction of £143.68 ($187.74). Shares of LON:BAG opened at GBX 870 ($11.37) on Wednesday. A.G. Barr plc has a twelve month low of GBX 659 ($8.61) and a twelve month high of GBX 980 ($12.81). Finally, Berenberg Bank boosted their price target on A.G. Barr from GBX 625 ($8.17) to GBX 675 ($8.82) and gave the company a “hold” rating in a research note on Wednesday, June 5th.

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Story Sources

slatersentinel.com
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  • Business
  • Financial

Tuesday, July 09


News

A.G. Barr plc (LON:BAG) Insider Andrew Lewis Memmott Acquires 16 Shares of Stock – Sundance Herald

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A.G. Barr plc (LON:BAG) insider Andrew Lewis Memmott acquired 16 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was purchased at an average price of GBX 898 ($11.73) per share, with a total value of £143.68 ($187.74). A.G. Barr plc has a 1 year low of GBX 659 ($8.61) and a 1 year high of GBX 980 ($12.81). Berenberg Bank upped their price objective on shares of A.G. Barr from GBX 625 ($8.17) to GBX 675 ($8.82) and gave the company a “hold” rating in a research report on Wednesday, June 5th.

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Monday, July 08


News

Andrew Lewis Memmott Buys 16 Shares of A.G. Barr plc (LON:BAG) Stock – Mayfield Recorder

BAG

The stock was bought at an average price of GBX 898 ($11.73) per share, with a total value of £143.68 ($187.74). The company has a current ratio of 1.62, a quick ratio of 1.24 and a debt-to-equity ratio of 6.31. A.G. Barr plc has a twelve month low of GBX 659 ($8.61) and a twelve month high of GBX 980 ($12.81). Berenberg Bank increased their price target on A.G. Barr from GBX 625 ($8.17) to GBX 675 ($8.82) and gave the stock a “hold” rating in a report on Wednesday, June 5th.

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Story Sources

mayfieldrecorder.com
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Friday, July 05


News

A.G. Barr (LON:BAG) Stock Price Passes Below Fifty Day Moving Average of $930.94 – Mayfield Recorder

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Shares of A.G. Barr plc (LON:BAG) passed below its fifty day moving average during trading on Friday . A.G. Barr shares last traded at $890.00, with a volume of 151,541 shares changing hands. Finally, Berenberg Bank boosted their target price on shares of A.G. Barr from GBX 625 ($8.17) to GBX 675 ($8.82) and gave the company a “hold” rating in a report on Wednesday, June 5th. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock.

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Story Sources

mayfieldrecorder.com
Topics:
  • Business
  • Financial

Wednesday, July 03


News

Roger Alexander White Purchases 40 Shares of A.G. Barr plc (LON:BAG) Stock – Mayfield Recorder

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A.G. Barr plc (LON:BAG) insider Roger Alexander White purchased 40 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average cost of GBX 970 ($12.67) per share, with a total value of £388 ($506.99). A.G. Barr plc has a 1-year low of GBX 659 ($8.61) and a 1-year high of GBX 980 ($12.81). Berenberg Bank increased their price objective on shares of A.G. Barr from GBX 625 ($8.17) to GBX 675 ($8.82) and gave the stock a “hold” rating in a research note on Wednesday, June 5th.

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Story Sources

mayfieldrecorder.com
Topics:
  • Business
  • Financial

Thursday, June 27


News

A.G. Barr (LON:BAG) Shares Cross Above 50 Day Moving Average of $917.14 – Slater Sentinel

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Shares of A.G. Barr plc (LON:BAG) crossed above its fifty day moving average during trading on Thursday . A.G. Barr shares last traded at $916.00, with a volume of 77,241 shares changing hands. Finally, Berenberg Bank lifted their price objective on A.G. Barr from GBX 625 ($8.17) to GBX 675 ($8.82) and gave the stock a “hold” rating in a research report on Wednesday, June 5th. In related news, insider Stuart Lorimer sold 13,675 shares of A.G. Barr stock in a transaction that occurred on Monday, April 8th.

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Story Sources

slatersentinel.com
Topics:
  • Business
  • Financial