Sugar tax part of U.K. budget proposal

• U.K. Chancellor George Osbourbe announced a sugar tax in a new budget released by his party.
• The proposed tax covers any soft drink with more than 5 grams of sugar per 100 milliliters, although milk drinks are exempt due to their "health" benefit. Pure fruit juices are also set aside from the sugar tax group.
• London-traded A.G. Barr, Britvic (OTCPK:BTVCF), and Nichols fell today in reaction to the development.
• Related U.S. beverage stocks: KO, PEP, DPS-OLD, COT, MNST.