Register
Login:
Share:
Email Facebook Twitter

EXCLUSIVE: Ascent CEO Colin Hutchinson with latest on review and permitting Watch Here

EXCLUSIVE: Ascent CEO Colin Hutchinson with latest on review and permitting


ShareCast News


FTSE 100 movers: Coca-Cola provides fizz; Shire warning disappoints

Wed, 14th Feb 2018 13:25


(ShareCast News) - Coca-Cola livened up the FTSE 100 on Wednesday as the shares led the risers and helped pull the index into positive territory.

Coca-Cola HBC reported full year earnings before interest and tax (EBIT) of 621m, a rise of 20% on net sales revenue of 6.5bn, up 4.9%.

Revenue was helped by the stronger Russian rouble. On a constant currency basis, revenue per case was up 3.6%, with positive contributions from price, category and package mix, Coca-Cola said.Profit before tax rose to 301.7m from 266.9m.

Sky and BT were both on the front foot as they picked up the rights to the Premier League for 4.46bn.

Engineer GKN, which is currently fighting off a hostile bid from turnaround specialist Melrose Industries, was in the black after saying it is targeting a cash return of up to 2.5bn to shareholders over the next three years.

Shares in specialty biopharmaceutical group Shire were lower as the company posted a 33% jump in full-year revenues but warned that earnings growth would be weaker than revenue growth this year.

In the year to the end of December 2017, total revenues rose to $15.2bn from the previous year, including a full year of legacy Baxalta sales, while diluted earnings per American depositary share surged to $14.05 from $1.27 in 2016 mostly due to a higher tax benefit last year driven by the US tax reform and higher operating income.

Shares in sector peer Reckett Benckiser fell in sympathy.

TUI led the fallers as investors took profits on the back of gains earlier in the week.





Market Movers

FTSE 100 (UKX) 7,205.40 0.52%

FTSE 250 (MCX) 19,410.30 0.47%

techMARK (TASX) 3,259.07 0.47%

FTSE 100 - Risers

Coca-Cola HBC AG (CDI) (CCH) 2,398.00p 7.25%

WPP (WPP) 1,381.00p 3.41%

ITV (ITV) 165.60p 3.08%

Randgold Resources Ltd. (RRS) 6,262.00p 2.82%

Old Mutual (OML) 238.80p 2.75%

Sky (SKY) 1,086.00p 2.36%

Bunzl (BNZL) 2,053.00p 2.34%

Pearson (PSON) 667.80p 2.27%

Imperial Brands (IMB) 2,657.00p 2.17%

HSBC Holdings (HSBA) 750.40p 2.12%

FTSE 100 - Fallers

TUI AG Reg Shs (DI) (TUI) 1,549.50p -4.00%

Standard Life Aberdeen (SLA) 390.20p -2.16%

Shire Plc (SHP) 3,121.50p -1.87%

CRH (CRH) 2,434.00p -1.02%

Rolls-Royce Holdings (RR.) 820.60p -0.80%

NMC Health (NMC) 3,246.00p -0.67%

Reckitt Benckiser Group (RB.) 6,343.00p -0.64%

Barratt Developments (BDEV) 548.00p -0.54%

Royal Dutch Shell 'A' (RDSA) 2,275.00p -0.42%

Sainsbury (J) (SBRY) 245.70p -0.36%




Back to ShareCast News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.