Ukraine ceasefire boost for Coca Cola bottler helps FTSE - London Report

COCA-COLA bottler HBC led the UK’s top share index higher yesterday, after news of a general ceasefire from Sunday in Ukraine’s east.

The world's second-largest bottler of Coca-Cola drinks, which counts Russia as its biggest market, surged 6.23 per cent after Ukrainian President Petro Poroshenko announced the ceasefire agreement following peace talks in Minsk with his Russian, French and German counterparts.

“Traders were not holding out much hope for the talks in Minsk, but the market was pleasantly surprised by the announcement. At least one set of talks that are taking place in Europe has ended well, and dealers are still seeking an outcome for the Greek debt discussion,” IG market analyst David Madden said.

Meanwhile, after seven hours of crisis talks in Brussels, Greece's Syriza government and its international creditors failed to agree on an unpopular bailout and will try again on Monday.

The FTSE 100 index closed up 0.15 percent at 6,828.11 points after falling in the previous four sessions.

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