Cott Downgrades Profit Forecast

Canadian soft drinks manufacturer Cott Corp has revised downwards its earnings forecast for the year. Cott has said that it now expects adjusted operating profit for 2008 to come in between 27% below and 5% above its 2007 level. The announcement triggered a 15% slump in the firm's share price, which has been steadily declining for the past two years (see

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