London — Fevertree Drinks shares leaped on enthusiasm about the soft-drink company’s US expansion, as drinkers spend more money on upmarket tonic waters and other mixers. "Given the strong performance in the first half of the year, the board anticipates that the outcome for the full year will be comfortably ahead of its expectations," CE0 Tim Warrillow said on Tuesday. The company’s shares rose as much as 15%, the most since January, to a record 3,987p in early London trading. As of June, the company has full control of its marketing in the US, where bar goers are increasingly ordering spirits paired with Fever-Tree mixers instead of beer or wine amid growing demand for cocktails. Fevertree Drinks also signed an agreement with Southern Glazer’s Wine & Spirits, North America’s largest liquor distributor, to drive sales in bars and nightclubs, the London-based company said in the statement. Fevertree has appointed Charles Gibb, the former CEO of LVMH’s Belvedere vodka, to run its Nort...
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