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 [...]
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 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 bottling firm raises outlook on revenue spike as Russia volumes tank August 9, 2023 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 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.
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 [...]
FTSE 100: London markets rise after inflation comes in unexpectedly steady February 14, 2024 The daily London update: Moving news from the FTSE 100 and around the world from City A.M.'s newsroom in the heart of the Square Mile.
FTSE 100 close: London’s premier index ends week lower after US jobs report July 7, 2023 London’s FTSE 100 closed the week lower as global markets grew increasingly nervous about the extent of interest rate rises still to come. The FTSE 100 closed 0.37 per cent lower at 7,253.43 while the domestically focused FTSE 250 performed more strongly, rising 0.54 per cent to 18,012.46. Investors were digesting the latest jobs data [...]
FTSE 100 close: London markets rise despite Chinese deflation August 9, 2023 London’s markets closed higher on Wednesday as a toning down of Italy’s windfall tax on banks calmed investors despite more negative news from China. The FTSE 100 closed 0.80 per cent higher at 7,587.30 while the midcap FTSE 250, which is more aligned with the health of the domestic economy, ended 0.51 per cent higher [...]
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 [...]