Coca-Cola HBC Share News (CCH)

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.

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.

UK earnings, trading statements calendar - next 7 days

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.

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.

LONDON BROKER RATINGS: Jefferies cuts Mondi to 'hold' from 'buy'

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

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.

DIRECTOR DEALINGS: Smurfit Kappa director sells EUR972,000 in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News:

LONDON BROKER RATINGS: JPMorgan cuts Diageo to neutral from overweight

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

London close: Stocks slip ahead of FOMC minutes, Autumn Statement

(Sharecast News) - London stocks finished in the red on Tuesday as investors examined the latest UK borrowing data ahead of Wednesday's Autumn Statement.

LONDON MARKET MIDDAY: Rising pound puts pressure on FTSE before Fed

(Alliance News) - Stock prices in London were lower midday on Tuesday with a stronger pound and some caution ahead of the latest batch of US Federal Reserve meeting minutes and Wednesday's UK fiscal policy announcement, putting pressure on the FTSE 100.

Coca-Cola HBC to return up to €400m to shareholders, shares jump

(Sharecast News) - Coca-Cola HBC shot to the top of the FTSE 100 on Tuesday after announcing the launch of a share buyback programme that will see it return up to €400m to shareholders.

IN BRIEF: Coca-Cola HBC to start up to EUR400 million share buyback

Coca-Cola HBC AG - Steinhausen, Switzerland-based soft-drink bottling partner of Coca-Cola Co - Says that on Tuesday, it will start a share buyback programme to return up to EUR400 million to shareholders. The company expects the programme to run for around two years. It adds that it remains committed to its priorities, such as organic investment in the business to deliver its medium-term financial targets, such as capital expenditure as a percentage of net sales revenue in the range of 6.5% to 7.5% per year, and paying a progressive dividend with a payout target of 40% to 50% of earnings per share. "With these priorities in mind, the Board believes that the current share price undervalues CCH's future growth opportunities. Therefore, the present time represents a compelling opportunity to reduce the number of shares in circulation, while continuing to invest in the business," Coca-Cola HBC says. It anticipates that the buyback programme will improve earnings per share. Chief Executive Officer Zoran Bogdanovic says: "With our cash-generative business and a strong balance sheet today, we believe that the current market weakness presents a compelling opportunity for us to deploy excess capital through a buyback programme and deliver enhanced shareholder value."

LONDON BROKER RATINGS: RBC cuts Next but lifts Dunelm; Citi likes JD

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

LONDON BROKER RATINGS: Bank of America starts Unite Group with 'buy'

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