Fever-Tree loses its fizz as cool start to summer knocks back sales

Poor weather and slowdown in drinks trade contribute to worse than expected resultsA cool start to the summer, rising competition and a slowdown in the gin trend have knocked the fizz out of the drinks brand Fever-Tree, which has posted a worse than expected slowdown in UK sales.Shares in the tonic water maker dived more than 10% on Tuesday, wiping more than £300m off the company’s value, as it said poor weather in the three months to 30 June had dampened growth rates. Continue readi