British company Nichols, most famous for the sugary soft drink Vimto, has issued a surprise profit warning following a 50% tax imposed by Saudi Arabia and UAE on non-carbonated sweetened drinks. The tax went into effect on the first of December 2019 in both countries, stirring Nichols' fears of a drop in profits during 2020. Vimto is a popular drink in the Middle East, and it is especially consumed during ...