UK's Fevertree rises on first-half revenue, share buyback extension

** Shares of tonic maker Fevertree Drinks FEVR.L up 8.1% at 838p

** FEVR reports first-half adj rev 172.2 million pounds ($232.59 million), up 2% on constant-currency basis and slightly ahead of Jefferies' 171.2-million-pound estimate

** Posts first-half adj EBITDA 18.4 million pounds vs Jefferies estimate 16.3 million pounds

** Revenue within range of consensus with solid operating margins, and on track to meet full-year expectations, according to a note from RBC

** FEVR extends share buyback programme by a further 30 million pounds to continue in 2026

** Analysts at Jefferies say that strategic partnership with Molson Coors TAP.N provides significant uplift in scale & execution capability in the U.S., while also de-risking supply chain and driving higher quality of earnings

** Including session gains, stock up ~15% YTD

($1 = 0.7404 pounds)