Coca-Cola HBC shares shoot up as profit fizzes August 14, 2015 COCA-COLA Hellenic, a leading bottler of the iconic beverage, beat forecasts yesterday to send its shares fizzing higher. The company sold just over one billion unit cases in the first six months of the year, it said yesterday. This marked growth of 3.8 per cent compared with the same period last year. It lifted its [...]
At the close: FTSE 100 bulldozes over Brexit concerns as oil and metal prices climb June 6, 2016 The FTSE 100 managed to kick off the week with a rise today, finishing up one per cent at 6,273.40 points. A jump in commodity prices managed to offset fears of Brexit that dragged down house builders. A flurry of recent polls have put the leave campaign neck-and-neck with remain as the 23 June vote draws nearer. The news [...]
Best of the Brokers for 09 November 2015 November 8, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com S&P Capital has maintained its “sell” rating on Coca-Cola HBC, despite healthy volume growth of 5.4 per cent reported in its third-quarter results. Negative currency impact led to a revenue decline in the third quarter year-on-year. Weakness in Russia has been noted as [...]
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 [...]
Joblessness data and retail figures focus of quiet week – London Report August 9, 2015 THE CORPORATE results season has past its peak, but the week ahead is due to see some big financial news nonetheless, including UK unemployment figures on Wednesday. Tomorrow retail sales data will be published, while on Friday construction industry output figures will be out. Prudential is reporting its half-year interims tomorrow after chief executive Tidjane [...]
FTSE levels out on better news from Beijing – London Report August 14, 2015 BRITAIN’S top index ended flat yesterday as easing concerns over China’s economy helped to offset the impact of falling oil prices and a large number of ex-dividend companies. The blue-chip FTSE 100 index closed down 2.86 points – effectively flat in percentage terms – at 6,568.33, trimming the gains seen earlier in the session and [...]
Best of the Brokers for 19 May 2015 May 18, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com SMITHS GROUP (SMIN) Panmure Gordon reiterate its “Sell” rating on the group, with a target price of 880p. Smiths outlook statement will detail higher-than-expected decline in John Crane and Interconnect and a reversal in Flex-Tek, offsetting expected improvement in Medical and Detection. BOVIS [...]
Bank of England to reveal interest rate and inflation report – London Report May 10, 2015 THE BANK of England (BoE) will announce the latest Bank rate today, with economists expecting it to remain at its historic 0.5 per cent low. On Wednesday the BoE will announce its widely-watched inflation report. Employment and unemployment figures are also due that day and are expected to show a strong market. The corporate calendar [...]
Coke bottler hit by exposures in foreign markets February 18, 2015 BEVERAGE bottler Coca-Cola HBC faces tough challenges in 2015, analysts have warned, after the firm reported a 5.3 per cent drop in sales revenue for 2014, from €1.57bn (£1.16bn) to €1.51bn. Volumes of unit cases sold also fell, by 2.8 per cent from 2.06bn in 2013 to 2bn, while net profit plunged by 11.4 per cent, [...]
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 [...]