Britvic earnings watered down

Soft drinks giant Britvic has seen full-year profits tumble after it was stung by costs related to an efficiency drive.

The group, which is behind Robinsons squash, said pre-tax profits fell 9 per cent to £139 million in the 52 weeks to October. Profits were dragged down by a three-year “business capability programme”, which cost £24.7m in the period.