Shares in Cadbury Schweppes fell 51p to finish on 569p yesterday following the release of disappointing half-year results.

Pre-tax profit for the half-year to 30 June fell from £105m to £69m on sales up 6% at £2.3bn. The group also warned its UK candy share would be adversely impacted by the floods in June which forced the temporary closure of its factory in Sheffield.

David Hallam, an analyst from Evolution Securities said the results were “a messy set of figures with a disappointing operating profit decline despite strong sales progress.”

Martin Deboo, an analyst at Investec Securities added: “The underlying picture is a disappointment.”