Sun and football make for effervescent first half at Coca-Cola HBC
9th Aug 2018 07:31
(Sharecast News) - Coca-Cola HBC reported its financial results for the six months ended 29 June on Thursday, claiming "strong" revenue growth of 6.4% in the first half on a foreign exchange-neutral basis; with acceleration in the second quarter supported by new product launches, good weather and the FIFA World Cup.
Read moreCoca-Cola HBC profits fizz as further efficiencies uncorked
16th Feb 2017 07:22
(ShareCast News) - Drinks bottler Coca-Cola Hellenic Bottling Company upped its dividend 10% after a calendar year that saw flat volumes and a dip in sales due to currency but much improved profits thanks to improved costs and efficiencies. With economic conditions anticipated to be slightly better
Read moreFriday broker round-up
6th Jan 2017 17:33
(ShareCast News) - Antofagasta: Jefferies reiterates hold with a target price of 700p. Ascential: Deutsche Bank reiterates buy with a 300p target. Rotork: JP Morgan stays at neutral with a 230p target. Vodafone: Barclays reiterates overweight with a 225p target. Britvic: JP Morgan maintains neutr
Read moreCoca-Cola Q3 sales drop but on track for full year
3rd Nov 2016 07:47
(ShareCast News) - Coca-Cola HBC posted a drop in third-quarter sales volumes on the back of unfavourable weather compared to the same period last year but said it was on track to meet expectations for the year. In the three months to the end of September, volumes declined 1% as the company expected
Read moreBroker tips: Dunelm, Hargreaves Lansdown, CCH
15th Sep 2016 15:51
(ShareCast News) - Canaccord Genuity on Thursday lowered its rating on Dunelm to 'hold' from 'buy' but raised its target price to 920p from 875p after the homeware retailer reported its full year results. The broker said there are short-term costs for Dunelm ahead of delivering its long-term objecti
Read moreCredit Suisse upgrades CCH, lifts target
15th Sep 2016 14:27
(ShareCast News) - Analysts at Credit Suisse upgraded their recommendation Coca Cola bottler CCH and lifted their target price on the shares given its attractive top-line growth and EBIT potential. Faster growth in asset turns should also drive stronger returns on invested capital, analysts Sanjeet
Read moreSector movers: Grocers and non-life insurers lead gains
15th Sep 2016 14:11
(ShareCast News) - Grocers and non-life insurance paced advances, with Morrisons buoying the former after posting what analysts described as an "encouraging" set of interims. Wm Morrison saw like-for-like sales excluding fuel and VAT increase by 1.4% during the first six months of the year, driving
Read moreWednesday broker round-up
31st Aug 2016 16:34
(ShareCast News) - Halma: Jefferies reiterates buy with a target price of 1210p. G4S: UBS maintains buy with a 260p target. Bunzl: Barclays reiterates equal-weight with a 2450p target. Carclo: Finncap reiterates hold with a 150p target. Associated British Foods: Berenberg downgrades to hold with
Read moreUK sugar tax to be imposed on soft drinks in 2018, government confirms
18th Aug 2016 08:42
(ShareCast News) - The government has confirmed it will introduce a soft drinks industry levy across the UK as part of its plan to tackle childhood obesity. The Department of Health will launch a "broad, structured sugar reduction programme" that will aim to remove sugar from the products children e
Read moreLondon close: Stocks finish flat after uninspiring data
12th Aug 2016 16:02
(ShareCast News) - London stocks finished broadly flat on Friday following a batch of uninspiring economic data including reports on UK construction, eurozone gross domestic product and US retail sales. UK construction output fell 0.9% in June from May, more or less in line with consensus expectatio
Read moreForex takes some fizz out of Coca-Cola HBC
11th Aug 2016 07:11
(ShareCast News) - European soft drink bottler Coca-Cola HBC reported its results for the six-month period to 1 July on Thursday morning, with FX-neutral net sales revenue growing by 2.4%, or 3.0% taking into account the one less selling day. The FTSE 100 company said currencies were continuing to i
Read moreSector movers: House builders and banks rally
8th Jul 2016 18:37
(ShareCast News) - House builders, banks topped the blue-chip winners' ladder at close of play on Friday, having last week and this suffered under the shadow of Britain's non-binding vote to quit the EU. Taylor Wimpey, Berkeley Group, Barratt Developments and Persimmon sprinted higher with gains of
Read moreBroker tips: LSE, Weir Group, Coca-Cola HBC
7th Jun 2016 12:48
(ShareCast News) - Numis has reiterated a 'hold' rating at target price of 2,700p on the London Stock Exchange Group (LSE) ahead of its merger with Deutsche Boerse. The £21bn merger between the LSE and Germany's stock exchange was announced in mid-March and aims to generate cost synergies of €450m (
Read moreCredit Suisse bumps up target price for CCH
7th Jun 2016 11:37
(ShareCast News) - Credit Suisse bumped up its target price on shares of Coca Cola HBC following what it described as an "upbeat" investor seminar from the company on the previous day. The bottling company outlined plans for revenues to grow by between 4% to 5% over fiscal year 2016 to 2020 and boos
Read moreCoca-Cola optimistic on medium-term growth
6th Jun 2016 14:02
(ShareCast News) - Coca Cola HBC said on Monday that it expects an average annual revenue growth rate in the range of 4% to 5% on a currency-neutral basis in the medium term versus 2.9% in 2015. The company said an improving external environment was likely to support growth in its markets over the
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