Greencore’s profits warning, Fever-Tree’s annual results and Phillip Hammond’s spring statement are in the headlines this morning.

Greencore has lost a third of its value after profit warnings were issued yesterday as part it its trading update statement. ( Financial Times The Daily Mail The Guardian )

Patrick Coveney, the chief executive of Greencore has said that he will spend half of his time in the United States after problems in its American division led the convenience food supplier to issue a profit warning. ( The Times The Telegraph )

Fever Tree has said that this year is off to an “encouraging” start after the announcement yesterday of a sharp increase in sales up to the end of last year. ( Financial Times )

The boss of posh tonic maker Fever-Tree says attempts by major rival Schweppes to wrestle back customers have not dented sales, as the upstart batted off competition to become the best selling mixer brand in Britain’s shops. ( The Telegraph )

The Times writes that when a company is trading on a multiple of 70 times its profits its earnings, it does not take much for the fizz to lose its earnings as tonic maker Fever Tree found yesterday. ( The Times )

A tax on coffee cups, crisp packets and chewing gum could be on the agenda, as the government launches a consultation on curbing the UK’s addiction to single use plastics, chancellor Phillip Hammond said in his spring statement. ( Financial Times )

Women’s active wear leggings, quiche and raspberries are in vogue while pork pies and bottled lager drunk in nightclubs are out, in the annual shake up of Britain’s shopping basket. ( The Guardian )

Optimism amongst small businesses in the United States have reached a 35 year high last month in reaction to the the Trump administration’s tax cuts plan. ( The Times )

Inditex, the owner of high street clothing chain Zara, has said that it intends to roll out reality technology over its 120 flagship stores around the world from next month, customers will be able to download an app on their phones showing a model wearing a piece from the studio collection. ( Financial Times )