Barr (A.G.) (BAG)

Sector:

Beverages

Index:

FTSE 250

 575.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 587.00
  • 52 Week Low: 451.50
  • Currency: UK Pounds
  • Shares Issued: 112.03m
  • Volume: 74,065
  • Market Cap: £644.17m
  • RiskGrade: 132

AG Barr says 195 jobs at risk in proposed business reorganisation

By Michele Maatouk

Date: Thursday 14 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Irn Bru maker AG Barr said on Thursday that up to 195 jobs were at risk as it looks to close some of its sites as part of a business reorganisation.
Following a review of its soft drinks' sales and distribution operations, the company is proposing to move its direct to store delivery model to an enlarged and enhanced field sales operation, with brands directly supplied through existing wholesale channels.

This would impact up to 160 employees. However, Barr also expects that additional field sales roles will be created to support the new route to market.

The proposals could result in the closure of its direct operations at Moston, Wednesbury and Dagenham and could be completed by the end of June.

The company also said that following the acquisition of Boost Drinks in 2022, it has begun a manufacturing in-sourcing programme of Boost's products to the Barr soft drinks division, "delivering margin improvement as a consequence".

It is now proposing to fully integrate the Boost business into the soft drinks division - a move that would impact 35 employees and lead to the closure of the Boost Leeds office.

AG Barr said: "The proposals are subject to full and proper consultation with impacted employees over the coming months. The company will do everything possible to support those affected throughout the process."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Barr (A.G.) Market Data

Currency UK Pounds
Share Price 575.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 587.00
52 Week Low 451.50
Volume 74,065
Shares Issued 112.03m
Market Cap £644.17m
RiskGrade 132

Barr (A.G.) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.3% below the market average71.3% below the market average71.3% below the market average71.3% below the market average71.3% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Price Trend
46.77% above the market average46.77% above the market average46.77% above the market average46.77% above the market average46.77% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Income
14.32% below the market average14.32% below the market average14.32% below the market average14.32% below the market average14.32% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Growth
41.44% above the market average41.44% above the market average41.44% above the market average41.44% above the market average41.44% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 1
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Barr (A.G.) Dividends

  Latest Previous
  Final Interim
Ex-Div 09-May-24 05-Oct-23
Paid 07-Jun-24 27-Oct-23
Amount 12.40p 2.65p

Trades for 03-May-2024

Time Volume / Share Price
16:35 44,780 @ 575.00p
16:35 1 @ 575.00p
16:35 1,354 @ 575.00p
16:35 374 @ 575.00p
16:35 374 @ 575.00p

Barr (A.G.) Key Personnel

Finance Director Stuart Lorimer
CEO Euan Sutherland

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