Mixer maker Fever-Tree says soaring price of glass will hit profits

Fever-Tree, which is based in London, says it is experiencing an ‘exceptionally challenging environment’. Photograph: Neil Hall/Reuters

The soft drinks company Fever-Tree has warned that the soaring cost of glass for its bottles amid shortages, plus higher transport fees, mean its profits will be almost a third lower than hoped.

The London-based tonic and mixer maker said it was experiencing an “exceptionally challenging environment” with glass prices rising by more than 10%.