The planned £800m flotation of soft drinks group Britvic, has been put on hold over fears that poor summer trading may lower its stock market value.

Britvic had said it was considering a flotation between now and 2008 and in its full year results announcement in March last year it also said it was planning to float the business.

But it is now understood that Intercontinental and other shareholders, Whitbread and drinks firm Allied Domecq, are concerned that last year’s figures could depress the valuation, according to a report in the Mail on Sunday.

PepsiCo, the American drinks company which has a 5% shareholding in Britvic, eventually agreed to a stock market listing last year for the company after a long period of resistance.

PepsiCo is expected to block any likelihood of Britvic being sold instead of seeking a float.