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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: 2,614.00
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Ask: 2,622.00
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Sugar taxes and food promotion clampdown could follow PHE obesity report

Thu, 22nd Oct 2015 16:24

(ShareCast News) - A report by UK public health officials has found sugar taxes are an effective tool to combat obesity and has called for restrictions on food manufacturers and supermarkets offering deals on unhealthy foods and marketing to children.The report, 'Sugar Reduction: The evidence for action' from Public Health England, said the consumption of sugary foods and fizzy drinks was a key reason behind an obesity crisis that was costing the NHS roughly £5.1bn every year.Alison Tedstone, director of diet and obesity at PHE, a government body formed to find ways of protecting and improve the nation's health, said "all the evidence shows a sugar tax does decrease purchases" of unhealthy food."The higher the tax increase, the greater the effect," she told parliament's health select committee.Health secretary Jeremy Hunt was accused of initially suppressing the findings when they were first made last July, because they were "inconvenient" to ministers, but they were finally published this week as part of the committee's inquiry into childhood obesity.The report, which noted that the government has already accepted the recommendation of the Scientific Advisory Committee on Nutrition (SACN) that guidelines for average maximum sugar intake should be halved, was damning on the effect of promotions on sugar consumption.Food retail price promotions are more widespread in Britain than anywhere else in Europe, the review said, with foods on promotion accounting for around 40% of all UK expenditure on food and drinks consumed at home, and with higher-sugar products promoted more than other foods."Price promotions increase the amount of food and drink people buy by around one-fifth. These are purchases people would not make without the in-store promotions. They also increase the amount of sugar purchased from higher sugar foods and drinks by 6% overall and influence purchasing by all socioeconomic and demographic groups."Listed companies that could be affected include producers of soft drinks such as Coca Cola HBC, Britvic, AG Barr and SAB Miller as well as supermarkets Tesco, Sainsbury's and Morrison's, 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, while restaurants and cafes were also cited.The report's eight main recommendations were:1. Reduce and rebalance the number and type of price promotions in all retail outlets including supermarkets and convenience stores and the out of home sector (including restaurants, cafes and takeaways) 2. Significantly reduce opportunities to market and advertise high sugar food and drink products to children and adults across all media including digital platforms and through sponsorship3. The setting of a clear definition for high sugar foods to aid with actions 1 and 2 above. Currently the only regulatory framework for doing this is via the Ofcom nutrient profiling model, which would benefit from being reviewed and strengthened4. Introduction of a broad, structured and transparently monitored programme of gradual sugar reduction in everyday food and drink products, combined with reductions in portion size5. Introduction of a price increase of a minimum of 10-20% on high sugar products through the use of a tax or levy such as on full sugar soft drinks, based on the emerging evidence of the impact of such measures in other countries6. Adopt, implement and monitor the government buying standards for food and catering services (GBSF) across the public sector, including national and local government and the NHS to the ensure provision and sale of healthier food and drinks in hospitals, leisure centres etc7. Ensure that accredited training in diet and health is routinely delivered to all of those who have opportunities to influence food choices in the catering, fitness and leisure sectors and others within local authorities8. Continue to raise awareness of concerns around sugar levels in the diet to the public as well as health professionals, employers, the food industry etc., encourage action to reduce intakes and provide practical steps to help people lower their own and their families sugar intake
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2 May 2024 09:48

LONDON BROKER RATINGS: Deutsche Bank likes TP ICAP but says sell CMC

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LONDON BROKER RATINGS: UBS double upgrades AJ Bell to 'buy'

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30 Apr 2024 12:46

Bottler Coca-Cola HBC beats revenue estimate on strong demand

April 30 (Reuters) - Bottler Coca-Cola HBC beat market forecast for first-quarter revenue on Tuesday, and reiterated its operating profit would rise this year, supported by strong demand for its coffee, energy and sparkling drinks.

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30 Apr 2024 09:45

Coca-Cola HBC hails "strong start" to 2024 with first quarter sales up

(Alliance News) - Coca-Cola HBC AG on Tuesday reiterated its growth guidance for 2024, following a strong first quarter in which the company grew both its revenue and sales volumes.

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30 Apr 2024 07:53

LONDON BRIEFING: Prudential APE sales up; Coca-Cola HBC backs outlook

(Alliance News) - London's FTSE 100 is called to open higher on Tuesday, the eve of the next Federal Reserve decision, with a batch of data from the eurozone due in the morning.

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30 Apr 2024 07:38

Coca-Cola HBC Q1 revenues beat guidance

(Sharecast News) - Bottler Coca-Cola HBC on Tuesday said first-quarter revenue beat forecasts and reiterated guidance that annual operating profit would grow further on the back of strong demand.

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23 Apr 2024 14:26

UK earnings, trading statements calendar - next 7 days

Wednesday 24 April 
1Spatial PLCFull Year Results
abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Quilter PLCQ1 Results
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tracsis PLCHalf Year Results
Warpaint London PLCFull Year Results
Thursday 25 April 
Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Dillistone Group PLCFull Year Results
Focusrite PLCHalf Year Results
Gem Diamonds LtdTrading Statement
Hikma Pharmaceuticals PLCTrading Statement
Hummingbird Resources PLCTrading Statement
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
Pinewood Technologies Group PLCFull Year Results
PPHE Hotel Group LtdTrading Statement
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Relx PLCTrading Statement
Renewi PLCTrading Statement
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Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
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WAG Payment Solutions PLCTrading Statement
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WH Smith PLCHalf Year Results
WPP PLCTrading Statement
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Friday 26 April 
Facilities by ADF PLCFull Year Results
Kingspan Group PLCTrading Statement
NatWest Group PLC Q1 Results
Pearson PLCTrading Statement
Record PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Taylor Maritime Investments LtdTrading Statement
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Beazley PLCTrading Statement
Biome Technologies PLCFull Year Results
Christie Group PLCFull Year Results
Gresham Technologies PLCFull Year Results
Jadestone Energy PLCFull Year Results
Oxford BioMedica PLCFull Year Results
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Tuesday 30 April 
Avacta Group PLCFull Year Results
Card Factory PLCFull Year Results
Capital & Regional PLCFull Year Results
Coca-Cola HBC AGTrading Statement
Elementis PLCTrading Statement
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Hargreaves Lansdown PLC Trading Statement
Howden Joinery PLCTrading Statement
HSBC Holdings PLCQ1 Results
Kelso Group PLCFull Year Results
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Phoenix Spree Deutschland LtdFull Year Results
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2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

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2 Apr 2024 09:54

LONDON BROKER RATINGS: Bernstein starts AstraZeneca at 'outperform'

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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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