Coca-Cola HBC Share News (CCH)

(ShareCast News) - The Financial Times' Lex said investors don't need to worry about bad publicly from Nestle's Indian noodle recall - yet.Lex said Nestle's locally listed subsidiary's shares had already recovered by about a third of their initial fall.At group level, the impact is heavily diluted, knocking only 10-20 basis points off overall revenue, it added."Nestle's crisis management may be questionable, but there appears to be little wrong with its capital allocation," Lex said.The Times' Tempus said investors should avoid bottler Coca-Cola HBC for now.Coca-Cola HBC surprised analysts by beating first half expectations, sending the shares ahead by 97p to 1420p.There are a number of factors moving the figures around, Tempus said, the biggest being an unfavourable currency hit, which will mean a €155 million reduction in earnings for the current year.Four extra trading days had a disproportionate effect, the above publication said, and advised staying away from the shares."The halfway figures comfortably beat expectations but the rise in the shares has left them on a very demanding multiple," Tempus said.