Coca-Cola HBC faces questions over Russia operations RETAIL Questions are being asked about the extent of Coca Cola HBC’s operations in Russia after a report suggested the firm has not fully withdrawn from the country despite pledging to do so. The London-listed firm, which is the European bottler for the Coca-Cola Company, said in March 2022 that it was suspending all operations in [...]
Coca-Cola bottling firm raises outlook on revenue spike as Russia volumes tank Coca-cola Coca-Cola HBC AG, the bottling company of the soft drink giant, reported a 19.3 per cent rise in revenues in its half year results as the group raised its outlook for the year. Operating profit for the bottler rose 15.9 per cent to €170m (£146m) as the group said it benefited from price increases in [...]
Coca-Cola, McDonald’s and PepsiCo named as worst packaging polluters in UK Surfers against sewage Coca-Cola, McDonald’s and PepsiCo are the worst packaging polluters in the UK, an annual waste audit has found. Campaign group Surfers Against Sewage, which released its annual audit on Friday, looked at more than 30,700 individual polluting items collected by more than 4,000 citizen scientists along coastlines, canal paths, bridleways and city streets over a [...]
Artificial sweetener aspartame used in drinks like Diet Coke is ‘possible’ cause of cancer – WHO July 14, 2023 An artificial sweetener used in thousands of products including diet fizzy drinks, ice cream and chewing gum has been ruled a “possible” cause of cancer by the World Health Organisation (WHO). But a panel of experts has said the sugar substitute aspartame is safe in limited quantities. In a report released late on Thursday, the [...]
Coca-Cola HBC fizzes up profit forecast as firm puts Russia exit hit behind it July 7, 2023 Coca-Cola HBC AG, the bottling company for the soft drink giant, upped its profit forecasts for 2023 on the back of a “very strong” June performance this morning, prompting shares to jump nearly 5 per cent. The Switzerland-based firm said that it now expects pre-tax earnings growth of between 9-12 per cent for 2023, up [...]
Some high street iced coffees have more sugar than Coca-Cola, Which? report claims July 1, 2023 Iced coffee drinks from high street chains can contain more sugar than a Mars bar or can of Coca-Cola, a survey has found. Which? compared frappes and frappuccinos from Caffe Nero, Costa and Starbucks to find many had “exceptionally high” amounts of sugar. One of the unhealthiest options was a Starbucks caramel frappuccino with semi-skimmed [...]
Coco-Cola HBC share price knocked after drinks giant snaps up vodka group for £172m June 19, 2023 Coca-Cola HBC, the bottler of Coca-Cola products, has seen its share price knocked after it revealed plans to snap up a Finland-based Vodka group for $220m (£172m). The soft-drink company’s latest move comes as it looks to expand its presence within the alcoholic drinks market, while already bottling popular Italian apéritif Aperol. Today it revealed [...]
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 [...]
‘Total Coke addict’ Rishi Sunak says he’s cut down to drinking one a week February 28, 2023 Rishi Sunak insisted he has cut down to drinking one Coke a week as he visited a Coca-Cola bottling plant. The Prime Minister previously revealed he had a particular taste for Coca-Cola, describing himself as a “total Coke addict” in an interview with two school children in 2019, and that it left him with seven [...]
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 [...]