Britvic is expected to announce plans to float on the stock market.

The drinks giant is expected to reveal an £800m flotation, which will be led by Gerald Corbett, chairman of Woolworths, who has been appointed chairman.

Intercontinental Hotels, Pernod Ricard and Whitbread, which own the group, will sell their holdings, but PepsiCo is expected to keep its 5% stake in the group.