Britain close to deflation as oil drags on prices – London Report February 15, 2015 CONSUMER price inflation is expected to have fallen to a record low, with figures out this week likely to show it reached 0.3 per cent in January. The rate was 0.5 per cent in December – at a low since comparable records began in 1989 – and it is forecast to have fallen further, as [...]
Ukraine ceasefire boost for Coca Cola bottler helps FTSE – London Report February 12, 2015 COCA-COLA bottler HBC led the UK’s top share index higher yesterday, after news of a general ceasefire from Sunday in Ukraine’s east. The world’s second-largest bottler of Coca-Cola drinks, which counts Russia as its biggest market, surged 6.23 per cent after Ukrainian President Petro Poroshenko announced the ceasefire agreement following peace talks in Minsk with [...]
FTSE stays fresh but Coca-Cola HBC stock goes worse than flat – London Report January 26, 2015 THE FTSE closed at a fresh four-month high yesterday helped by a rebound in energy shares, although hefty falls in Greece-exposed Coca-Cola HBC capped gains. Heavyweight oil & gas majors BP, BG and Shell rebounded sharply in the afternoon after the secretary-general of the Organization of the Petroleum Exporting Countries (Opec), Abdullah al-Badri, said he [...]
FTSE tumbles on Tesco share price turmoil as banks take a hit – London Report December 9, 2014 Britain’s main equity index yesterday fell to one-month lows, hit by supermarket retailer Tesco’s fourth profit warning this year. Shares in Tesco at one stage fell as much as 17 per cent to their lowest in around 14 years, wiping some £2.6bn off the firm’s market capitalisation. It later regained some ground to close 6.6 [...]
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 [...]