Rexam sees demand fizz

Rexam, Europe's largest drinks can maker, yesterday beat forecasts with a 19 per cent rise in first-half profit, helped by demand for energy and ice tea drinks and a growing trend among cash-strapped shoppers to consume at home.

Rexam, which makes cans for the likes of Red Bull and PepsiCo, said lower financing costs also helped to boost profits to £236m despite flat sales.