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Evening Standard
Evening Standard
Business
Jonathan Prynn

Fever-Tree shares lose fizz as glass and shipping costs soar

Fever-Tree has recently become the preferred tonic brand in the US market overtaking legacy brand Schweppes

(Picture: Fever-Tree)

Shares in high flying tonic water brand Fever-Tree slumped today when the company revealed it has been hit by glass and labour shortages and soaring sea freight rates.

In early trading the shares were down almost a quarter, or 292.38p, to 906.62p, their lowest level for six years, after the admission from the former City favourite that the outlook “has materially changed” over the past eight weeks.

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