Ag Barr

Cumbernauld-based drinks company AG Barr has posted a year-on-year drop in revenues as the coronavirus pandemic continues to wreak havoc on firms across the UK.

A Swiss private bank has increased its multi-million-pound bet on Irn Bru maker AG Barr to fail during the current coronavirus crisis.

Drinks company AG Barr has pointed to challenging trading conditions as the firm expects its pre-tax profits for the last year to drop by 18% to £37 million. In a trading update, the Irn-Bru maker said that the £37m profit before tax expectation is at the top end of current market expect

AG Barr said its 3% share increase is down to shoppers' willingness to pay more for Irn Bru.