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

Share Price Information for Coca-Cola HBC (CCH)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 2,503.00
Bid: 2,502.00
Ask: 2,504.00
Change: -15.00 (-0.60%)
Spread: 2.00 (0.08%)
Open: 2,512.00
High: 2,529.00
Low: 2,503.00
Prev. Close: 2,518.00
CCH Live PriceLast checked at -

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London midday: Stocks lower on German elections, US debt ceiling

Mon, 23rd Sep 2013 11:18

Elections in Germany, an uncertain outlook for Federal Reserve monetary policy and a debate over the US debt ceiling weighed on markets on Monday morning, as traders shrugged off upbeat data from China and the Eurozone.The HSBC/Markit flash purchasing managers' index (PMI) for China's manufacturing sector rose from 50.1 to a six-month high of 51.2 in September, ahead of the 50.9 excepted. Meanwhile, the Eurozone composite PMI (which measures both manufacturing and services sectors) improved from 51.5 to 52.1 (forecast: 51.8).Market Analyst Craig Erlam from Alpari said the figures "only had a marginal impact on the markets this morning". He said: "We'd have seen a much bigger reaction had the numbers been negative, given people's view that the recovery is extremely fragile."Markets across Europe were mixed on Monday in the aftermath of the German elections this weekend. Chancellor Angela Merkel's Christian Democratic Union party won 41.5% of the vote after gaining 311 seats in the Bundestag, though this was four seats shy of an absolute majority. The current coalition partner, the Liberal Democrats (FDP), missed out of the 5% minimum threshold and will not be represented in parliament meaning that Merkel is left having to build a new coalition with either the Social Democrats (SPD) or the Green Party, who won 25.7% and 8.4% of the vote, respectively. Stocks gained strongly in the aftermath of last Wednesday's surprise decision by the Federal Reserve not to begin scaling back stimulus. However, gains were mostly erased by the end of last week after James Bullard, head of the St Louis Fed, admitted that the decision was a close call and that the central bank could still trim asset purchases at its next meeting. He said: "it's possible you could get some data that change the complexion of the outlook and could make the committee be comfortable with a small taper in October."Meanwhile, talks surrounding the US debt ceiling were also catching the attention of investors today after President Barack Obama this weekend urged Congress to approve a budget to prevent a government shutdown by October 1st.Erlam said: "While most people in the markets would agree that the odds of a government shutdown are extremely slim, they are clearly not willing to put their money where their mouth is." FTSE 100: Aberdeen upbeat despite volatile marketsInvestment group Aberdeen gained after saying that underlying profits should still come in at the higher end of analysts' forecasts despite a slight drop in assets under management (AuM) in the fourth quarter. AuM declined from £209.6bn to £201.7bn during the two months to August 31st due to "considerable" volatility across financial markets, it said. Chemicals firm Croda was performing well after Credit Suisse upgraded its recommendation from 'neutral' to 'outperform' and hiked its target price from 2,600p to 3,000p.FTSE newcomer Coca-Cola bottling group Coca-Cola HBC was among the worst performers this morning, extending its losing streak into the third straight day. Matt Basi, Head of Sales Trading at CMC Markets, said that traders are "tak[ing] profits from the highs of last week - the best levels since the stock moved to the London market in April".Mining stocks were broadly lower this morning despite Citigroup raising target prices across the board. The bank however said it sees "limited scope for additional earnings upgrades" amongst the large UK-listed miners following a recent re-rating in the sector. Randgold, Anglo American and Fresnillo were in the red.Banking stocks were also providing a drag with Royal Bank of Scotland, Lloyds and Barclays registering losses as risk appetite was scaled back.British Gas owner Centrica declined after announcing the decision not proceed with its Baird and Caythorpe gas storage projects due to "weak economics for storage projects and the announcement by the UK government on September 4th ruling out intervention in the market to encourage additional gas storage capacity to be built". Utility peers National Grid and United Utilities were also lower.Telecoms giant Vodafone gained after UBS raised its target price for the shares from 230p to 245p after including Kabel Deutschland in its forecasts whilst removing Verizon Wireless. The bank retained its 'buy' rating, saying that Vodafone's valuation is "attractive".FTSE 250: Dechra jumps after upgradePharmaceuticals firm Dechra was a high riser today after Investec upgraded the stock from 'add' to 'buy' and raised its target price from 708p to 788p. The broker said: "Re-working our valuation methodology for the increased detail [following last week's results] we now have suggests a much higher value than we first thought."Drinks group A.G BARR gained after half-year profits rose 12% as a warm UK summer helped drive sales of soft drinks. Numis and Canaccord Genuity both raised their ratings for the stock this morning to 'add' and 'buy', respectively.Dairy foods company Dairy Crest edged higher after saying it continues to perform in line with company expectations, despite the challenging trading environment, and profit targets for the full year remain unchanged. FTSE 100 - RisersAberdeen Asset Management (ADN) 395.60p +2.14%Croda International (CRDA) 2,722.00p +1.57%easyJet (EZJ) 1,311.00p +1.16%Weir Group (WEIR) 2,419.00p +1.00%Burberry Group (BRBY) 1,635.00p +0.99%IMI (IMI) 1,468.00p +0.96%Vodafone Group (VOD) 210.35p +0.89%Vedanta Resources (VED) 1,125.00p +0.81%London Stock Exchange Group (LSE) 1,569.00p +0.71%Sainsbury (J) (SBRY) 399.10p +0.68%FTSE 100 - FallersCoca-Cola HBC AG (CDI) (CCH) 1,827.00p -2.30%Randgold Resources Ltd. (RRS) 4,578.00p -2.10%Barclays (BARC) 268.30p -1.88%Anglo American (AAL) 1,561.50p -1.85%Centrica (CNA) 395.40p -1.69%National Grid (NG.) 746.00p -1.65%Fresnillo (FRES) 1,016.00p -1.65%Lloyds Banking Group (LLOY) 75.10p -1.51%Schroders (SDR) 2,592.00p -1.48%Shire Plc (SHP) 2,560.00p -1.27%FTSE 250 - RisersDechra Pharmaceuticals (DPH) 728.00p +4.82%Vesuvius (VSVS) 451.70p +4.51%Britvic (BVIC) 572.50p +3.25%Alent (ALNT) 350.50p +3.09%Daejan Holdings (DJAN) 3,752.00p +2.74%Essar Energy (ESSR) 131.90p +2.73%SEGRO (SGRO) 307.40p +2.67%Mitchells & Butlers (MAB) 429.60p +2.65%Menzies(John) (MNZS) 790.00p +2.07%Unite Group (UTG) 375.20p +1.90%FTSE 250 - Fallersesure Group (ESUR) 252.60p -3.84%Computacenter (CCC) 499.50p -3.01%Polymetal International (POLY) 650.00p -2.84%Centamin (DI) (CEY) 44.36p -2.51%Keller Group (KLR) 1,064.00p -2.21%Evraz (EVR) 133.70p -2.12%Dialight (DIA) 1,154.00p -1.95%Ferrexpo (FXPO) 178.80p -1.87%Barratt Developments (BDEV) 320.20p -1.84%Moneysupermarket.com Group (MONY) 147.80p -1.79%BC
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26 Mar 2024 13:50

DIRECTOR DEALINGS: Coca-Cola HBC CEO sells GBP375,000 in shares

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

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29 Feb 2024 16:31

DIRECTOR DEALINGS: Coca-Cola HBC directors sell GBP800,000 in shares

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

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22 Feb 2024 09:32

Coca-Cola HBC buys Irish vendor BDS Vending Solutions

(Alliance News) - Coca-Cola HBC AG on Thursday said it had acquired a "well-established" Irish vending company.

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22 Feb 2024 07:19

Coca-Cola HBC buys Irish vending-machine firm BDS

(Sharecast News) - Coca-Cola HBC, the Switzerland-based bottling partner of the Coca-Cola Company, has announced it is snapping up an Irish vending-machine business to "unlock profitable opportunities".

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14 Feb 2024 16:53

LONDON MARKET CLOSE: Investors celebrate steady UK inflation

(Alliance News) - Stock prices in London closed higher on Wednesday, after data showed that the UK's annual inflation rate was steady last month, defying expectations of an acceleration.

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14 Feb 2024 15:23

London close: Stocks rise as UK inflation holds steady

(Sharecast News) - London markets ended the day on a positive note on Wednesday as housebuilders rallied, following data indicating that UK inflation remained steady in January.

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14 Feb 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 outperforms as UK inflation undershoots

(Alliance News) - Stock prices in London were higher on Wednesday afternoon, taking confidence from a more favourable than expected UK inflation reading, which supported shares in housebuilders.

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14 Feb 2024 09:40

LONDON BROKER RATINGS: Panmure likes Nichols; Jefferies cuts Bytes

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

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14 Feb 2024 08:39

LONDON MARKET OPEN: Stocks up on tamer than forecast UK inflation data

(Alliance News) - London's FTSE 100 opened higher on Wednesday, with a favourable UK inflation reading given equities a much-needed shot in the arm, after a tough start to the year was exacerbated by a red-hot US consumer price index report on Tuesday.

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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 07:59

CORRECT: United Utilities hit by storms; Severn Trent bullish

(Correcting to clarify that stocks are called to open higher on Wednesday.)

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14 Feb 2024 07:48

LONDON BRIEFING: United Utilities hit by storms; Severn Trent bullish

(Alliance News) - Equities in London are called to open lower on Wednesday, after a morale-boosting UK inflation reading.

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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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