Vimto: Profit warning follows Middle East soft drinks tax
Image caption It is hard to miss the shelves stacked with Vimto in some Middle Eastern supermarkets
The maker of Vimto has warned that a new soft drinks tax in parts of the Middle East could hit its profits.
Nichols, based in Newton-le-Willows, Merseyside, said the 50% levy in Saudi Arabia and UAE was a concern.
It warned that it could lead to profits “materially below” current predictions…
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