Fever-Tree's value fizzes to £4.5bn on back of strong gin sales

Shares hit record as firm says results will be ‘comfortably ahead’ of forecasts Shares in upmarket drinks firm Fever-Tree have hit a record £39.87, valuing the company at more than £4.5bn as it said it expected its full-year results to be “comfortably ahead” of previous forecasts on the back of strong gin sales. Fever-Tree, which produces tonic water and other carbonated mixers, has rapidly grown over the past few years as sales of premium gin have surged in Britain. The shares floated on the stock market in 2014 at just £1.66. Continue reading...