Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. GlobalData Plc
  6. News
  7. Summary
    DATA   GB00B87ZTG26


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

‘NoLo', craft beers and cider to reap benefits of UK alcohol duties simplification, says GlobalData

10/27/2021 | 12:08pm EST
27 Oct 2021
'NoLo', craft beers and cider to reap benefits of UK alcohol duties simplification, says GlobalData
Posted in Consumer

Following the recent UK budget announcement by Chancellor Rishi Sunak that the UK's alcohol duties will be simplified;

Ryan Whittaker, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view:

"Non-alcoholic and low-alcohol (NoLo) beers and fruit ciders have the opportunity to grow significantly following the chancellor's simplification of the UK's alcohol duties. As the system changes to one where alcoholic strength correlates with how much an item is taxed, we can expect to see cheaper NoLo drinks and greater uptake in an already growing category. This news will likely be well-received among NoLo producers; however, it could be a tough hit to conventional alcohol categories.

"The NoLo category has been an unusual success story amid COVID-19. Many consumers have been unusually focused upon their hygiene and health and have viewed the NoLo category as a healthier alternative. In Q2 2021, almost one third (32%) of UK consumers reported that they either consumed alcohol-free beer or mocktails in moderation or were actively trying to increase their consumption. Much higher rates of NoLo consumption were reported among consumers who described themselves as quite or extremely concerned about their health, reflecting the clear link between lower alcohol and higher health-consciousness. Furthermore, in Q3 2021, almost half (45%) of UK consumers have reported that they are quite or extremely concerned about their health, suggesting that NoLo brands remain a significant opportunity for new product development in the UK.

"On the other hand, stronger red wines, fortified wines, spirits and high-strength beers and ciders will likely represent the bulk of the fallout from these changes, although the cancelled alcohol duty increase may soften the blow for some. Meanwhile, the chancellor's 5% lower rate of duty on draft beers and ciders, and relief for smaller craft cider operations with under 8.5% ABV, should encourage some consumers back to the pub for more varied local brands."


GlobalData plc published this content on 27 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 16:07:04 UTC.

ę Publicnow 2021
All news about GLOBALDATA PLC
12/07GLOBALDATA : Insurance sector sponsorship worth $895 million to sports industry rights hol..
11/29GlobalData reveals top 10 most mentioned airline operators on social media in 2021
11/23Amazon's Visa block called out as tactic to promote Mastercard
11/18GLOBALDATA : Global deal activity down by 5.7% in October 2021, finds GlobalData
11/18GLOBALDATA : AMETEK's job adverts double in 2021 as it prepares to expand into new markets..
11/18Slovenia could become the adventure tourism capital of Europe, says GlobalData
11/18GLOBALDATA : Thailand's hot drinks sector to reach US$2.2bn by 2025, says GlobalData
11/18GLOBALDATA : South Korean hot drinks market to reach US$3bn by 2025, forecasts GlobalData
11/18GLOBALDATA : Hot drinks sector of Philippines to reach US$2.4bn by 2025, forecasts GlobalD..
11/18GLOBALDATA : Psilocybin has potential to become a breakthrough therapy for treatment-resis..
More news
Sales 2021 190 M 252 M 252 M
Net income 2021 26,3 M 34,9 M 34,9 M
Net Debt 2021 64,8 M 85,9 M 85,9 M
P/E ratio 2021 68,7x
Yield 2021 1,40%
Capitalization 1 599 M 2 114 M 2 120 M
EV / Sales 2021 8,76x
EV / Sales 2022 8,04x
Nbr of Employees 3 472
Free-Float 30,8%
Duration : Period :
GlobalData Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GLOBALDATA PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 4
Last Close Price 1 355,00 GBX
Average target price 1 735,00 GBX
Spread / Average Target 28,0%
EPS Revisions
Managers and Directors
Michael Thomas Danson Chief Executive Officer & Director
Sally Kate Miranda Johnson Chief Financial Officer
Murray Legg Independent Non-Executive Chairman
Peter Martin Harkness Independent Non-Executive Director
Catherine Birkett Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
S&P GLOBAL INC.38.66%109 967
RELX PLC32.72%60 796
MSCI INC.42.67%50 140
EQUIFAX INC.51.35%34 423