Profits stay flat as volumes dip at coke bottler November 6, 2014 COKE bottler Coca-Cola HBC reported flat profits in the third quarter of 2014, at €148.2m (£115.9m), compared with €148.1m in the same period last year. Sales revenue dropped by more than five per cent, from €1.9bn to €1.8bn, with volumes down by 4.8 per cent, from 575m unit cases to 548m. The company, which is [...]
Manufacturing figures point to slower growth – London Report November 2, 2014 MANUFACTURING figures due out today are likely to show a loss of momentum in the UK economy’s growth. The manufacturing purchasing managers’ survey for October is forecast to sit at 51.5, the same as for September and weaker than the rates of 52.2 in August and 54.7 in July. A reading of 50 shows no [...]
Coca-Cola bottler HBC wobbles as Russian tensions hurt sales August 8, 2014 SHARES of Coca-Cola HBC, the largest bottler of the soft drinks company in Europe, tanked yesterday after it warned that volumes would fall for the rest of the year, citing a “sudden deterioration” in Russia, its biggest market. The world’s second largest bottler of Coca-Cola drinks saw its shares fall 5.3 per cent on the [...]
FTSE loses some fizz as Coca-Cola HBC share price sinks 5pc – London Report August 8, 2014 BRITAIN’S top shares yesterday slipped after sobering results from insurance companies and from bottler Coca-Cola HBC. The FTSE 100 ended down 38.79 points, or 0.6 per cent, at 6,597.37 points, its lowest close since 16 April, meaning it had fallen more than three per cent since a peak seen at the end of July. The [...]
Best of the Brokers for 10 June 2014 June 9, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com 3I GROUP Barclays has kept its “overweight” rating for 3i Group, while increasing the target price to 485p. The broker thinks there is a chance of higher capital returns and a pipeline for asset management expansion at the firm. COCA COLA HBC Deutsche [...]
London Report: Chinese factory figures see FTSE shares edge up June 2, 2014 BRITAIN’S top share index inched higher yesterday as upbeat Chinese factory data lifted mining stocks and as homebuilders shrugged off worse-than-expected mortgage approval figures in the UK. The blue-chip FTSE 100 index closed up 0.3 per cent, or 19.59 points, at 6,864.10 points. Mining stocks across Europe, including London-listed Rio Tinto and BHP Billiton, rose [...]
Lack of thirst for soft drinks in Europe hits Coca-Cola bottler November 7, 2013 COCA-COLA HBC, the largest bottler of Coca-Cola in Europe, yesterday said quarterly sales fell five per cent to €1.9bn (£1.58bn) in line with a tough market for soft drinks on the continent. The firm, which recently moved its primary stock market listing to London, said volumes were down by three per cent. Net profit before [...]
Revenues down at Coca-Cola HBC August 8, 2013 Coca-Cola HBC yesterday announced that its volumes fell by two per cent over the second quarter of 2013, as a stronger performance in emerging markets was offset by a decline in more established markets. The bottler’s sales revenues decreased by two per cent to €1.95bn (£1.68bn), with the slowdown reflecting “the ongoing difficult macroeconomic environment” [...]
London Report: Carney’s first inflation report in the spotlight August 4, 2013 NEW Bank of England governor Mark Carney will take centre stage this week as he announces the latest Quarterly Inflation Report, plus plans to adopt forward guidance on interest rates for the first time. Forward guidance would give the bank’s Monetary Policy Committee (MPC) a third method of influencing the economy, alongside interest rates and [...]