Barr set to be stirred, not shaken

Barr unveils its full-year figures on Tuesday
Barr unveils its full-year figures on Tuesday
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THE financial clout of cocktails will come into focus this week when Irn-Bru maker AG Barr posts what is expected to be a rise in full-year profits.

The Cumbernauld company, which has been making soft drinks for 140 years, ann­ounced last month that it would break into new territory with the acquisition of Funkin cocktail mixers in a deal worth up to £21 million.

Analysts are expecting furth­er guidance on financial expectations for Funkin when Barr unveils its full-year figures on Tuesday. Phil Carroll at Shore Capital believes Barr will be able to “accelerate” Funkin’s progress through brand and channel development. Sales in 2014 – when Barr sponsored the Glasgow Commonwealth Games – are expected to rise to £260m. Pre-tax profits are forecast to increase to roughly £42m, up from £34.3m previously.

Barr announced at the end of last week that Bovis Homes chief executive David Ritchie will join its board as a non-­executive director.