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Pin to quick picksCoca-Cola HBC Share News (CCH)

Share Price Information for Coca-Cola HBC (CCH)

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Share Price: 2,676.00
Bid: 2,050.00
Ask: 2,700.00
Change: 0.00 (0.00%)
Spread: 650.00 (31.707%)
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Food retailers defend sugar record after SACN report slashes sugar guidance

Fri, 17th Jul 2015 10:38

(ShareCast News) - A government-backed report on carbohydrates has called for the British recommended daily allowance of sugar to be cut in half, which has forced retailers to robustly defend their efforts to cut the sugar content and calorie counts of their products.As expected, the Scientific Advisory on Nutrition (SACN), on Friday published a report where it said it was now "recommending that population average intake of free sugars should not exceed 5% of total dietary energy" from its previous draft guidance of 10%.The report from SACN, which advises Public Health England and other government agencies on nutrition matters, specifically said consumption of sugar-sweetened beverages "should be minimised by both children and adults".This has been predicted weigh on producers of soft drinks such as Coca Cola HBC, Britvic, AG Barr and SAB Miller as well as supermarkets, sweet snacks makers such as Premier Foods and Finsbury Food, as well as sugar producers, including the like of Tate & Lyle and Associated British Foods. Food labelling may also need to change."The evidence is stark - too much sugar is harmful to health and we all need to cut back," said Professor Ian Macdonald, chair of the SACN Carbohydrates and Health working group. "The clear and consistent link between a high-sugar diet and conditions like obesity and type 2 diabetes is the wake-up call we need to rethink our diet. Cut down on sugars, increase fibre and we'll all have a better chance of living longer, healthier lives."But the UK retailers argued that they had already implemented a variety of initiatives to cut the sugar content and calorie counts of their products, which the SACN acknowledged, in line with an increasing consumer interest in health and diet issues.Soft drinks have been in particular focus of retailers, the British Retail Consortium said, with thousands of tonnes of sugar removed from an array of fizzy beverages and juices.In a statement defending the record of its members, the BRC pointed out that Tesco has removed 1.5bn calories from its soft drinks division in the last year, while Morrisons removed 122 tonnes of sugar from its high juice squashes and 72 tonnes from its energy drinks.Asda remains a lead partner in the Change4Life sugar swap campaign and has cut added sugar across all its soft drinks by 22%. Marks & Spencer has removed 59 tonnes of sugar from their yoghurts and over 70% of Aldi's own-label soft drinks are now sugar-free.Aside from reformulating products, retailers have made efforts to improve nutritional labeling, promote fruits and vegetables and offer in-store healthy eating advice, the BRC pointed out."Retailers have demonstrated both individually and also collectively through government initiatives, a progressive approach to reducing sugar in their products," said Andrew Opie, the BRC's director of food and sustainability."We know there is further to go and we are happy to discuss future reductions in sugar, building on the progress we have made so far. However, we believe that the focus needs to be on those initiatives that will make a difference and, crucially, getting the entire food industry to adopt retailers' positive approach," he added.
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14 Feb 2024 08:08

TOP NEWS: Coca-Cola HBC ups payout and hails double-digit profit hike

(Alliance News) - Drink bottling company Coca-Cola HBC AG on Wednesday lifted its dividend and announced "record" annual profit.

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14 Feb 2024 07:21

Coca-Cola HBC posts record 2023 profits on strong sales

(Sharecast News) - Coca-Cola HBC on Wednesday posted record profits last year driven by surging sales and volumes for sparkling drinks and coffee combined with costs easing in the second half.

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7 Feb 2024 17:49

IN BRIEF: Coca-Cola HBC names Anastasis Stamoulis as new CFO

Coca-Cola HBC AG - Switzerland-based strategic bottling partner of Coca-Cola Co - After announcing in January the resignation of Chief Financial Officer Ben Almanzar, says that Anastasis Stamoulis will take on the CFO role. The change comes into effect from May 1. Stamoulis is an internal hire, who has already worked in financial positions within Coca-Cola HBC, including as CFO in several of the company's operations, as group financial controller, group financial operations, and as head of strategic finance and FP&A.

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7 Feb 2024 15:53

UK earnings, trading statements calendar - next 7 days

Thursday 8 February 
Anglo American PLCTrading Statement
AstraZeneca PLCFull Year Results
British American Tobacco PLCFull Year Results
Compass Group PLCTrading Statement
SSE PLCTrading Statement
Unilever PLCFull Year Results
Friday 9 February 
Bellway PLCTrading Statement
S&U PLCTrading Statement
Victrex PLCTrading Statement
Monday 12 February 
no events scheduled 
Tuesday 13 February 
no events scheduled 
Wednesday 14 February 
Coca-Cola HBC AGFull Year Results
Dunelm PLCHalf Year Results
Pan African Resources PLCHalf Year Results
Severn Trent PLCTrading Statement
United Utilities Group PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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15 Jan 2024 17:45

Coca-Cola HBC's finance chief to leave firm for North America role

(Alliance News) - Coca-Cola HBC AG on Monday said its chief financial officer intends to leave the company to take up a new unnamed opportunity in North America.

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15 Jan 2024 17:09

Coca-Cola HBC CFO Almanzar to step down

(Sharecast News) - Coca-Cola HBC said on Monday that chief financial officer Ben Almanzar plans to leave the company to take up a new opportunity in North America.

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21 Dec 2023 17:36

IN BRIEF: Coca-Cola HBC CEO sells 13,500 shares for GBP300,000

Coca-Cola HBC AG - Switzerland-based soft-drink bottling partner of Coca-Cola Co - On Thursday says that Chief Executive Officer Zoran Bogdanovic had sold 13,500 ordinary shares of CHF6.70 each on Wednesday. The shares sold at a price of GBP23.10 each, amounting to a transaction value of GBP311,850.

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