U.K. Unveils Levy on Sugary Drinks

LONDON—The U.K. government on Wednesday unveiled a surprise levy on sugary drinks, setting up a new battleground between the global soft-drinks industry and public-policy makers aiming to curb sugar intake.

Shares of Coca-Cola Co., down 1.1%, and PepsiCo Inc., down 0.8%, were under pressure in New York trading. Britvic PLC—which sells Pepsi’s drinks in the U.K. and Ireland and has its own soft-drink brands, including Tango and…

WSJ.com: US Business

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