00:00It's Benzinga bringing Wall Street to Main Street.
00:02Fevertree reported a 16% drop in annual profit after a £2.8 million charge tied to a disputed
00:09packaging levy and margin pressure from its U.S. partnership with Molson Coors, according to
00:14Reuters. The tonic maker launched a legal challenge against the UK Environment Agency
00:18over a packaging levy it says should not apply to certain glass formats sold in bars and restaurants.
00:24Fevertree is among British companies clashing with regulators over packaging rules that
00:28shift recycling costs to producers and add to profitability pressures. The company signed
00:33a distribution and manufacturing agreement with Molson Coors to localize production and
00:38boost U.S. sales amid rising tariffs. Shares fell 5.7% in early trade on Tuesday, but reversed
00:45course to trade 2.8% higher later in the session. For all things money, visit Benzinga.com.
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