Shortage of cans leads to scarcity of Diet Coke and Coke Zero products September 2, 2021 A shortage of aluminium cans looms for Coca-Cola’s bottling business in the UK and Europe as its supply chain has come under pressure. It comes as social media users have highlighted a scarcity of Diet Coke and Coke Zero products in recent weeks. Coca-Cola Europacific Partners (CCEP) said today that it has faced “a number [...]
Explained: Why Cristiano Ronaldo’s Coke snub at Euro 2020 was not the cause of Coca-Cola’s share price drop June 17, 2021 Cristiano Ronaldo was credited with knocking $4bn off the value of Coca-Cola earlier this week when he snubbed the soft drink – but does the theory stack up? The Portuguese football superstar pointedly moved two bottles of Coke from his desk at a Euro 2020 press conference and instead held up a bottle of water, [...]
Cristiano Ronaldo snub wipes $4bn off Coca-Cola’s market value June 16, 2021 Cristiano Ronaldo’s removal of two Coca-Cola bottles during a Euro 2020 press conference has coincided with a £4bn fall in the drinks giant’s share price. The Portugal captain moved the Coke bottles away from him during a press conference in Budapest on Monday ahead of his country’s opening game against Hungary. Ronaldo proceeded to hold [...]
Weekend Read: Foreign investors flee Myanmar as regime strengthens grip May 16, 2021 Businesses have continued to bow out of Myanmar after the bloody coup has killed more than 750 people and seen over 5,000 arrested for protesting the military’s forced reign. Companies began to flee Myanmar in March, like Japanese beverage group Kirin which had a $1.7bn stake in Myanmar Economic Holdings Public Company Limited, a company [...]
Low-wage employers including Coca-Cola and Hilton hiked CEO pay during pandemic May 11, 2021 Over half of the 100 companies in the S&P 500 Index that pay out the lowest median wages increased CEO salaries last year, according to a report published today by the Institute for Policy Studies. The left-leaning policy group said 51 companies identified boosted chief executive pay by adjusting the rules for assessing executive performance [...]
Coca Cola: ‘Optimism ahead’ for soft drink giant’s Europe business May 11, 2021 Coca Cola said there is “optimism ahead” for its businesses in Europe, Australia and New Zealand as the coronavirus conditions begin to improve across the regions. In the first quarter total revenue fell four per cent to €3,09bn, dragged down by a 7.5 per cent dip in European sales, which dropped to €2.29bn. However, the [...]
Coke UK CEO: Our sugar-free variants are thriving – but the full-fat Coca-Cola is safe March 24, 2021 Earlier this month, thanks to the strange vagaries of the internet, a years-old video emerged of the now-Chancellor Rishi Sunak expressing an opinion that – at the highest levels of a Government hell-bent on public health warnings – now seems almost scandalous. “I’m a total Coke addict,” he tells two schoolchildren. “A Coca-Cola addict.” The [...]
Ex-M&S clothing boss Jill McDonald appointed as Costa CEO November 20, 2019 Costa Coffee has appointed former Halfords and Marks & Spencer executive Jill McDonald as its new chief executive, to replace outgoing boss Dominic Paul next month. The coffee chain, which was sold by Premier Inn owner Whitbread to Coca Cola at the beginning of the year, said Paul will set down on 30 November, with [...]
Coca-Cola HBC’s revenue fizzes up in third quarter despite bad weather November 13, 2019 Shares in Coca-Cola HBC have risen this morning after the Coca-Cola company bottler reported an increase in revenue for the third water despite poor weather dampening volume growth. HBC’s net sales rose five per cent during the three months to the end of September compared to the same period last year. Read more: Coca-Cola’s advertisement [...]
Fevertree Drinks shares worth £36 despite sell-off July 24, 2019 | City Talk By Graeme Evans from interactive investor. Slower growth is never good news for highly-rated stocks, but Fevertree still has plenty of fans. Runaway success stories like Fevertree Drinks (LSE:FEVR) don’t come around often, which is why yesterday’s latest slide for the AIM stock should alert investors to a potentially enticing entry point. The sky-high valuation has weakened considerably since early [...]