Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Coca-Cola HBC AG
  6. News
  7. Summary
    CCH   CH0198251305

COCA-COLA HBC AG

(CCH)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

FTSE falls again, led by Coca-Cola HBC

08/07/2014 | 01:35pm EDT
The London Stock Exchange building is seen in central London

LONDON (Reuters) - Britain's top shares slipped again on Thursday after sobering results from insurance companies and from bottler Coca-Cola HBC.

The world's No. 2 bottler of Coca-Cola drinks (>> Coca Cola HBC AG), sank 5.3 percent after warning that volumes would fall for the rest of the year, citing a "sudden deterioration" in Russia, its biggest market.

More broadly, investors were on edge over the potential impact of sanctions announced by Russia in retaliation for penalties introduced by the West over events in Ukraine.

The FTSE 100 ended down 38.79 points, or 0.6 percent, at 6,597.37 points, its lowest close since April 16, meaning it has fallen more than 3 percent since a peak seen at the end of July.

Some traders, however, felt the index had found a floor for now.

"They're (investors are) still a bit nervous... but in the short term it's fairly well priced in," TJM Partners head of trading Manoj Ladwa said.

The Bank of England kept interest rates at their record low on Thursday, giving Britain's fast economic recovery more time to build even as differences among its policymakers become more apparent.

The European Central Bank also left interest rates unchanged.

Among insurers, RSA (>> RSA Insurance Group plc) shed 3 percent in a choppy day of trading after it outlined the details of its turnaround plan.

Berenberg analyst Sami Taipalus said in a research note that while RSA's balance sheet has been strengthened considerably, its economic capital ratio and targeted cost savings were lower than expected.

"Overall, we struggle to get overly positive about the contents of the release at this stage," Taipalus said.

Old Mutual (>> Old Mutual plc) was also down, falling 1.7 percent after foreign exchange trends dampened a headline jump in profit, traders said.

But fellow insurer Aviva (>> Aviva plc) rose 2.6 percent, one of the top FTSE 100 gainers, after unveiling a 4-percent rise in first-half operating profit as its European and UK general insurance businesses built on a strong start to the year.

ARM Holdings (>> ARM Holdings plc) also notched up good gains, rising 2.2 percent, as U.S. analysts added to some recent positive broker comment on the company, which sells blueprints for chip designs and receives royalties on every chip shipped by partners.

Benchmark, which reckons that royalty revenue will accelerate, lifted its rating on ARM to "buy" from "hold.

(Additional reporting by Alistair Smout; Editing by Louise Ireland)

By Tricia Wright


ę Reuters 2014
Stocks mentioned in the article
ChangeLast1st jan.
ARM HOLDINGS PLC 0.00%End-of-day quote.0.00%
AVIVA PLC -1.05% 385.4 Delayed Quote.18.70%
COCA-COLA HBC AG 0.52% 2712 Delayed Quote.13.97%
FTSE 100 -0.42% 6996.08 Delayed Quote.8.74%
LETS HOLDINGS GROUP CO., LTD. -2.44% 6.41 End-of-day quote.-17.61%
MSCI UNITED KINGDOM (STRD) 0.04% 1138.911 Real-time Quote.9.85%
OLD MUTUAL 0.00%End-of-day quote.-8.98%
RISE, INC. -3.85% 25 End-of-day quote.4.17%
RSA INSURANCE GROUP 0.00% 684.2 Delayed Quote.1.00%
S&P UNITED KINGDOM (PDS) -0.39% 1394.47 Delayed Quote.9.31%
All news about COCA-COLA HBC AG
07/27COCA COLA HBC : Think like an architect to get your digital house in order
PU
07/19COCA COLA HBC : Notification of transactions by Persons Discharging Managerial R..
PU
07/19COCA COLA HBC : CRO on business resilience
PU
07/16COCA COLA HBC : Morgan Stanley Ups Coca-Cola HBC's PT, Keeps Overweight Rating
MT
07/15COCA COLA HBC : Deutsche Lifts Coca-Cola HBC PT, Affirms Buy Rating
MT
07/14Today on Wall Street: Producer prices jump ahead of Powell speech
07/14COCA COLA HBC : Credit Suisse Raises Coca-Cola HBC PT, Maintains Outperform Rati..
MT
07/14COCA COLA HBC : Jefferies Lifts Coca-Cola HBC PT, Maintains Buy Rating
MT
07/14ANALYST RECOMMENDATIONS : Alibaba, Gap, Pepsico, Ralph Lauren, Tencent Music Ent..
07/09COCA COLA HBC : Conference call invitation for investors and analysts for the 20..
PU
More news
Financials
Sales 2021 6 780 M 8 017 M 8 017 M
Net income 2021 509 M 602 M 602 M
Net Debt 2021 1 644 M 1 944 M 1 944 M
P/E ratio 2021 22,7x
Yield 2021 2,10%
Capitalization 11 611 M 13 724 M 13 728 M
EV / Sales 2021 1,95x
EV / Sales 2022 1,82x
Nbr of Employees 27 722
Free-Float 52,2%
Chart COCA-COLA HBC AG
Duration : Period :
Coca-Cola HBC AG Technical Analysis Chart | CCH | CH0198251305 | MarketScreener
Technical analysis trends COCA-COLA HBC AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 31,81 €
Average target price 33,79 €
Spread / Average Target 6,22%
EPS Revisions
Managers and Directors
Zoran Bogdanovic Chief Executive Officer & Executive Director
Ben Almanzar Chief Financial Officer
Anastassis Georgiou David Non-Executive Chairman
Mourad Ajarti Chief Information Officer
Naya Kalogeraki Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
COCA-COLA HBC AG13.97%13 724
THE COCA-COLA COMPANY4.05%246 214
KEURIG DR PEPPER INC.10.97%51 098
SUNTORY BEVERAGE & FOOD LIMITED9.86%11 220
ARCA CONTINENTAL, S.A.B. DE C.V.26.86%10 737
SWIRE PACIFIC LIMITED11.16%8 863