Flotation values Britvic at £494m

Drinks company Britvic was today valued at £494m (€733m) on the first day of trading for its shares on the London market.

Britvic – the second-largest fizzy drinks firm in the UK behind Coca-Cola - priced its stock at the mid point of expectations at 230p, but increased the size of the offer from 153 million shares to 181 million.