The company floated at 134p in November 2014 and the two founders have made £330 million selling shares since the Neil Hall/ReutersFevertree, the premium tonic maker, has given warning that annual profits and revenues will be lower than expected after a poor Christmas in the UK. In an unscheduled update the company said that subdued trading in the final months of the year in Britain meant that sales by fell 1 per cent, offsetting growth in the United States, continental Europe and other countries. Shares in the company dropped 459.5p, or 22 per cent, to £15.56 in early trading in London. Fevertree now expects poor UK trading and continued investment in its overseas expansion to leave full-year profits 5 per cent below last year and annual revenue growth at around 10 per cent, below its previous guidance. Adjusted profits last year were £87.6 million on revenue…

Source: The Times January 20, 2020 09:00 UTC