UK dividends fall as companies battle challenging economic backdrop Investing UK dividends tumbled in the third quarter of the financial year, as large companies made significant cuts to their shareholder payouts. According to the latest dividend monitor from financial services firm Computershare, London-listed firms paid their shareholders £24.6bn in the third quarter, through one off and regular payments. This was a 1.4 per cent year-on-year [...]
FTSE 100 Live: UK inflation holds at 3.8 per cent, Barclays share buyback Markets Good morning from the City AM liveblog team. The UK’s top banks are gearing up for a third-quarter reporting season where all eyes will be on the Labour government’s second Autumn Budget. Speculation of a bank tax hike has dominated chatter around the sector in recent months and elevated fears across the City. It also [...]
Coca-Cola HBC in £2bn Africa takeover Business London-listed bottling business Coca-Cola HBC is to acquire Coca-Cola Beverages Africa in a $3.4bn (£1.9bn) deal. The cash-and-shares deal, which will be part-funded by a new bridge debt facility, will see a transfer of the ownership of the African bottling business after 85 years of ownership by the South African Gutsche family. The move will [...]
Shares in Cola-Cola’s European bottling arms slump despite strong results August 6, 2025 Coca-Cola’s European arm, Coca-Cola Europacific Partners, and its bottling partner, Coca-Cola HBC, both slumped on the stock exchange this morning after the former downgraded its revenue guidance. The European business fell more than 11 per cent in early trades on the London Stock Exchange, while the bottling business dropped more than seven per cent. Coca-Cola [...]
FTSE100 giant Diageo to replace CEO Debra Crew as sales slide July 16, 2025 Diageo will replace Debra Crew just over a year into her tenure as the drinks giant struggles to regain investor confidence following a turbulent period marked by falling sales and a sharp decline in its share price. The FTSE 100 giant has confirmed that Crew has quit with immediate effect and will be replaced on [...]
Coca-Cola HBC: Growth continues despite headwinds February 13, 2025 The bottling partner of Coca-Cola has reported double-digit revenue growth despite significant exchange rate headwinds in emerging markets. Coca-Cola HBC AG, the bottling partner of The Coca-Cola Company, said volumes grew 2.8 per cent in the twelve months ended 31 December 2024, driven by higher sales for coffee and energy drinks. The reported revenue of [...]
Coca-Cola HBC enjoys double-digit growth October 31, 2024 A bottling giant behind Coca Cola and other major soft drinks has upgraded its guidance due to double-digit growth driven by continued demand in emerging markets. Coca-Cola HBC said that organic revenue grew by 13.9 per cent during the third quarter, with year-to-date revenue growth of 13.7 per cent. It upgraded its guidance for revenue [...]
Coca-Cola HBC raises guidance after strong half despite currency headwinds August 7, 2024 Coca-Cola HBC AG has raised its guidance after the company reported another strong six months of growth, despite currency headwinds eating into the group’s profits in emerging markets. The bottling giant behind Coca Cola and other major soft drinks reported revenue growth of 3.1 per cent in the six months to 24 June. Sales of [...]
Coca-Cola HBC hit by exchange rate headwinds despite sales growth April 30, 2024 The bottling giant said revenue only grew by one per cent in the quarter, primarily due to foreign exchange turbulence, the company said.
Coca-Cola HBC buys vending machine firm BDS to grow in Ireland February 22, 2024 Coca-Cola HBC, the European bottling partner of Coca-Cola, has acquired Irish vending machine group BDS Vending Solutions. Founded in 1993, BDS Vending has around 2,000 vending machines spread across Ireland. The firm is headquartered in Dublin, but also has operational centres across Belfast, Cork, Galway, Limerick, Sligo and Wexford. BDS founders David Mullan and Brian Berry have [...]