Coca-Cola HBC’s revenue fizzes almost 25 per cent – but Russia exit still hurts a year on May 3, 2023 Coca-Cola HBC AG, the bottling company of the soft drink giant, reported strong revenue growth at 22.2 per cent, but it continues to take a hit from withdrawal of its business in Russia last year. Net sales revenue were up 24.4 per cent, but the firm stated that foreign exchange movements, particularly currency devaluation in [...]
The Notebook: Victoria Scholar on inflation, Ocado’s woes, and why Ted Lasso is a blessed relief March 28, 2023 The Bank of England governor Andrew Bailey has warned firms against rising prices to offset inflation. He told the BBC, “please understand if we get inflation embedded, interest rates will have to go up further and higher inflation really benefits nobody.” The latest UK inflation rate for February surprised economists by picking up again to [...]
Brexit deal: Sunak says Northern Ireland in ‘unbelievably special position’ with access to both UK AND EU markets February 28, 2023 Rishi Sunak insisted that his new Brexit deal for Northern Ireland addressed the concerns of unionists despite the “small and limited” role for European Union law and its court – while giving Belfast an “unbelievably special position”. The Prime Minister, who was visiting Northern Ireland to sell the deal secured with the European Union, said [...]
Coca-Cola bottling firm posts ‘record’ revenue despite exit from Russia and energy crisis eating into profits February 14, 2023 Coca-Cola’s bottling business today posted “record” results after bolstering its revenues through price increases, after its exit from Russia ate into profits. Coca-Cola Hellenic Bottling Company (HBC), which owns the bottling rights for Coca-Cola, saw its reported revenues surge 28.3 per cent to €9.2bn (£8.1bn). The uptick in revenues came as Coca-Cola HBC’s profits were [...]
Coca-Cola bottler details £160.2m hit from Russia sales suspension August 11, 2022 Coca-Cola HBC has revealed it took a hit worth £160.27m after suspending the sale of its beverages in Russia following the invasion of Ukraine. In interim results, the soft drink bottler said it anticipated charges of around £69.17m in the second half of the year after depleting its stocks and suspending production and sales of [...]
Coca-Cola HBC acquires Greek bartenders’ mixer firm Three Cents August 9, 2022 Coca-Cola HBC has snapped up premium mixer firm Three Cents for €45m, the global beverage titan announced on Tuesday. The transaction is expected to be completed in the second half of 2022 and is subject to customary closing conditions and regulatory approvals. Three Cents is publicly listed in Greece and was founded in 2014 by [...]
Coca-Cola HBC ‘evaluating all options’ in Russia as US soft-drinks giant ends operations May 13, 2022 Coca-Cola HBC is “evaluating all options” in Russia after the soft-drinks giant suspended operations there, saying it is likely to have a “much smaller presence” focusing on local brands. The London-listed company which bottles the soft drink in the country had almost 26 per cent revenue growth until April – excluding Russia – as it [...]
Carlsberg and Coca-Cola bottler forced to halt production in Ukraine after Russian invasion February 24, 2022 Brewing giant Carlsberg and a Coca-Cola bottler have shut down plants in Ukraine in the wake of Russia’s invasion. Danish brewer Carlsberg initially said it had been forced to shut its brewery in Lviv, western Ukraine, after supplies of natural gas to the brewery were cut, Reuters reported. Now, Carlsberg, which has a 31 per [...]
Coca-Cola bottler reports surge in profits with plans to hike dividend this year February 22, 2022 Coca-Cola bottling firm Coca-Cola HBC has reported a surge in profits today as it capped off a strong recovery following a pandemic slowdown in 2020.
More than half FTSE100 firms commit to ending carbon emissions by 2050 November 4, 2021 Almost two-in three FTSE100 firms are now committed to ending their carbon emissions by 2050, after a new group of companies recently signed up to a United Nations campaign. Sixty FTSE100 firms have now signed up to the UN’s Race to Zero campaign, with bluechip companies like Barclays, AstraZeneca, Coca Cola HBC and HSBC all [...]