Molson Coors Class A

TAP.A

Tap Global Group Plc (LSE:TAP) shares soared more than 45% higher after a trading update said revenue, in the year ended 30 June, will amount to £3.44 million which represents a 30% gain. The company said income will be further boosted by £0.42 million from the recovery of Bitcoin, as previously announced in May 2025, and the board expects the business will be materially EBITDA positive for the year.

Fevertree Drinks (AIM:FEVR) reported interim results in line with expectations and said it remained confident in the full-year outlook. Revenue was stable at £172.2 million, up 2% at constant currency.

Molson Coors Beverage Co (NYSE:TAP) reported better-than-expected sales and profits for the second quarter, despite continued softness in beer volumes amid a challenging consumer environment. The North American beermaker reported revenue of $3.2 billion for the quarter, down 1.6% year-over-year but ahead of Wall Street estimates of $3.12 billion.

Shares of Molson Coors Brewing Co. were losing ground in early Tuesday trading, after the beer brewer cut its full-year earnings outlook, citing economic pressures — including tariffs — that are expected to keep hurting the beer industry and its consumers.

Molson Coors forecast a bigger drop in its annual profit on Tuesday, hit by tariff impacts on costs of aluminum it uses for its beverage cans amid macroeconomic uncertainty in the U.S.

Bank of America Securities analyst Bryan D. Spillane downgraded Molson Coors Beverage Company TAP from Buy to Neutral, lowering the price forecast from $65 to $50.

Molson Coors Beverage Co (NYSE:TAP) has been downgraded by Bank of America analysts, who also lowered their price target on the beer maker, citing a depending slump in the US beer industry and continued market share erosion. They lowered their rating to ‘Neutral' from ‘Buy' and slashed their price target to $50 from $65.

When BofA analysts upgraded brewer Molson Coors Beverage Co. in December, they hoped declines in U.S. beer demand this year would eventually level off and align with historical trends, they explained in a research note on Friday. The reasoning, they said, was that firmer sales would lead to better margins and justify a bigger stock price.

Molson Coors Beverage Company  TAP is quiet on Wednesday. After a long downtrend, the shares have consolidated over the past few days and found support around the $48 level.

Tonic maker Fevertree Drinks said on Thursday it would equally split costs of the 10% tariff to be imposed on the UK imports to the U.S. with brewer Molson Coors , as part of their recent tie-up to mitigate the short-term impact.