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FTSE 350: Beverages stocks change the recipe

FTSE 350: Beverages stocks change the recipe

The direct shot at the soft drinks industry by former chancellor George Osborne stands out as a significant event last year for the beverages sector: the MP for Tatton proposed a sugar levy on the sector, effective from April 2018. Roger White, chief executive of AG Barr (BAG), called the move “punitive and unnecessary”, given that companies such as his were already investing heavily in reformulating recipes and launching low- or no-sugar versions of their products.

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