Tonic the New Gin for Investors as Fevertree Shares Soar: ChartBy
Investors are getting drunk on tonic and ginger beer. Shares of British mixer-maker Fevertree Drinks Plc have quintupled since their November 2014 initial public offering, while those of gin makers Diageo and Pernod Ricard have largely stagnated. The stock got another pop Thursday, rising as much as 14 percent, as the company said full-year results will be ahead of analyst estimates on the back of strong sales and a boost from the weaker pound.
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