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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: 2,708.00
Bid: 2,706.00
Ask: 2,710.00
Change: 32.00 (1.20%)
Spread: 4.00 (0.148%)
Open: 2,688.00
High: 2,728.00
Low: 2,686.00
Prev. Close: 2,676.00
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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that population average intake of free sugars should not exceed 5% of total dietary energy" from its previous draft guidance of 10%.The report from SACN, which advises Public Health England and other government agencies on nutrition matters, specifically said consumption of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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11 Aug 2023 12:11

REPEAT: LONDON MARKET MIDDAY: Stocks slide after surprise UK growth

(Alliance News) - Stock prices in London were lower at midday on Friday, as markets worried that better-than-expected growth figures for the UK economy may give the Bank of England room to keep interest rates higher for longer.

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11 Aug 2023 12:09

LONDON MARKET MIDDAY: Stocks slide afte surprise growth figures for UK

(Alliance News) - Stock prices in London were lower at midday on Friday, as markets worried that better-than-expected growth figures for the UK economy may give the Bank of England room to keep interest rates higher for longer.

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11 Aug 2023 09:52

LONDON BROKER RATINGS: Deutsche cuts Domino's Pizza; RBC lowers CVS

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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10 Aug 2023 10:08

LONDON BROKER RATINGS: Bank of America upgrades Quilter to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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9 Aug 2023 17:36

UK's FTSE 100 rises as energy and mining stocks rally on China stimulus hopes

Coca-Cola HBC gains after raising annual sales forecast

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9 Aug 2023 10:00

Bottler Coca-Cola HBC lifts sales outlook

Raises FY sales forecast

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9 Aug 2023 09:11

LONDON MARKET OPEN: Europe unfazed by underwhelming China data

(Alliance News) - Stock prices in London opened higher on Wednesday, despite another batch of disappointing data from China, as the world second-largest economy slumped into deflation.

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9 Aug 2023 08:36

TOP NEWS: Coca-Cola HBC delivers "better-than-expected" half-year

(Alliance News) - Coca-Cola HBC AG on Wednesday reported its half-year outturn topped expectations, "despite headwinds".

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9 Aug 2023 07:58

LONDON BRIEFING: Flutter US arm shines; Hiscox profit surges

(Alliance News) - Stocks in London are called to open higher on Wednesday, after some positive earnings from large-cap listings, though tepid data from China kept a lid on sentiment in Asia.

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9 Aug 2023 07:01

Bottler Coca-Cola HBC beats profit estimates, lifts sales outlook

Aug 9 (Reuters) - Bottler Coca-Cola HBC beat half-year profit expectations and lifted its annual revenue target on Wednesday, supported by strong sales and higher prices of its soft drinks.

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2 Aug 2023 15:46

UK earnings, trading statements calendar - next 7 days

Thursday 3 August 
Helios Towers PLCHalf Year Results
Hikma Pharmaceuticals PLCHalf Year Results
Irish Residential Properties REIT PLCHalf Year Results
London Stock Exchange Group PLCHalf Year Results
Mears Group PLCHalf Year Results
Mondi PLCHalf Year Results
Morgan Sindall Group PLCHalf Year Results
Next PLCTrading Statement
Omega Diagnostics Group PLCFull Year Results
Pantheon International PLCFull Year Results
Pets At Home Group PLCTrading Statement
Rolls-Royce Holdings PLCHalf Year Results
ScS Group PLCTrading Statement
Serco Group PLCHalf Year Results
Shaftesbury Capital PLCHalf Year Results
Smith & Nephew PLCHalf Year Results
Tritax Big Box REIT PLCHalf Year Results
TT Electronics PLCHalf Year Results
Walker Crips Group PLCFull Year Results
Wizz Air Holdings PLCQ1 Results
Friday 4 August 
Capita PLCHalf Year Results
Renewables Infrastructure Group LtdHalf Year Results
WPP PLCHalf Year Results
Monday 7 August 
HydrogenOne Capital Growth PLCTrading Statement
Kosmos Energy LtdHalf Year Results
PageGroup PLCHalf Year Results
Tuesday 8 August 
abrdn PLCHalf Year Results
Glencore PLCHalf Year Results
H&T Group PLCHalf Year Results
InterContinental Hotels Group PLCHalf Year Results
IWG PLCHalf Year Results
Quilter PLCHalf Year Results
Rotork PLCHalf Year Results
SDI Group PLCFull Year Results
SIG PLCHalf Year Results
TI Fluid Systems PLCHalf Year Results
Zotefoams PLCHalf Year Results
Wednesday 9 August 
4imprint Group PLCHalf Year Results
Arix Bioscience PLCHalf Year Results
Bank of Cyprus Holdings PLCHalf Year Results
Bellway PLCTrading Statement
CLS Holdings PLCHalf Year Results
CML Microsystems PLCTrading Statement
Coca-Cola HBC AGHalf Year Results
Flutter Entertainment PLCHalf Year Results
Hargreaves Services PLCFull Year Results
Hill & Smith PLCHalf Year Results
Hiscox LtdHalf Year Results
MaxCyte IncHalf Year Results
Polymetal International PLCTrading Statement
RM PLCHalf Year Results
Secure Trust Bank PLCHalf Year Results
TP ICAP Group PLCHalf Year Results
Tui AGQ3 Results
Vaalco Energy IncHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 Jul 2023 09:21

LONDON BROKER RATINGS: JPMorgan sees positive catalysts for Flutter

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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10 Jul 2023 09:27

LONDON BROKER RATINGS: HSBC downgrades commercial property stocks

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7 Jul 2023 17:33

European shares end higher after worst week in nearly four months

STOXX 600 falls 3.1% for the week

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7 Jul 2023 17:26

FTSE 100 posts worst week in nearly four months on rate hike jitters

Bottler Coca Cola HBC gains after lifting profit outlook

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