Skip to main content

Posts

Showing posts with the label tango

coca cola tango free fall on Osbornes sugar tax & How Jamie Oliver made the big boys listen

George Osborne today announced a 25p per litre sugar tax on fizzy drinks from 2018 - and within seconds sent shares in the soft drinks industry plummeting. Campaigners including Jamie Oliver were celebrating the Chancellor's Budget decision, which will raise an estimated £520 million a year. Share prices in Coca-Cola's British arm, Britvic, which makes 7 Up, Robinsons squash and Tango, and Irn-Bru maker A.G. Barr fell by up to 27p per share within seconds of the announcement. Shares in  Coca Cola UK, whose drinks would be subject to a levy, also slumped by 20p after Mr Osborne's announcement Jolt: Shares in soft drink giant Britvic, left, which makes Tango, right, R. White's Lemonade, and Robinsons squash, saw its share price fall more than 20p the moment George Osborne announced the sugar tax The NHS has hailed the decision as brave but some have branded it a tax on Britain's poor. The tax will be imposed on sof...