Coca-Cola HBC Share News (CCH)

IN BRIEF: Coca-Cola HBC edges up revenue growth guidance

Coca-Cola HBC AG - Steinhausen, Switzerland-based soft-drink bottling partner of Coca-Cola Co - Hosts investor day on Thursday for first time since 2019. Says that since then it has "refocused resources to strengthen core growth capabilities". Tells event in Rome that it has updated its medium-term financial targets. Coca-Cola HBC says it now is targeting average annual organic revenue growth of 6% to 7%, up from previous target of 5% to 6%. It aims for average annual organic earnings before interest and tax margin expansion of 20 to 40 basis points. The company says it remains committed to a progressive dividend with a pay-out ratio of 40% to 50% of earnings per share.

IN BRIEF: Coca-Cola HBC sees sizeable opposition on pay report at AGM

Coca-Cola HBC AG - Steinhausen, Switzerland-based soft-drink bottling company - Says proposal to re-elect Independent Non-Executive Director Charlotte Boyle receives opposition from just over 25% of votes at annual general meetings. Votes on UK and Swiss remuneration reports each see opposition of just under 32%. On the pay votes, Coca-Cola HBC says will initiate consultation with investors between now and next year's AGM. This will ensure "as many shareholders as possible are able to provide their feedback on remuneration matters". It wants an "approach to remuneration that aligns as closely as possible with the balance of shareholder views".

UK shareholder meetings calendar - next 7 days

Jefferies lifts Coca-Cola HBC price target

(Sharecast News) - Jefferies upped its price target on shares of Coca-Cola Hellenic after the company's first-quarter results, which it said were better than expected.

LONDON BROKER RATINGS: Wells Fargo cuts Flutter; Shore says 'sell' CMC

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

Broker tips: Centamin, Coca-Cola HBC

(Sharecast News) - Analysts at Berenberg reiterated their 'buy' recommendation and 145p target price for shares of gold miner Centamin following an exploration roundtable with company management the day before.

Revenue rises 22pc in Coca-Cola HBC's first quarter

(Sharecast News) - Beverage bottler Coca-Cola HBC reported "consistent execution" of its '24/7' strategy in an update on Wednesday, resulting in first quarter organic revenue growth of 22.2%, excluding Russia and Ukraine.

Coca-Cola HBC confident after "strong" quarterly revenue growth

(Alliance News) - Coca-Cola HBC AG on Tuesday said it now has "greater confidence" in achieving targets for annual revenue and earnings, after seeing net sales revenue growth, though a mixed volume performance, in the first quarter.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: JPMorgan raises Auto Trader to 'neutral'

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

DIRECTOR DEALINGS: Sales in Alphawave, Coca-Cola HBC, Mattioli Woods

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

LONDON BROKER RATINGS: Citigroup starts Inchcape with 'buy'

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

LONDON BROKER RATINGS: Bryan Garnier starts Unilever with 'neutral'

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

LONDON MARKET OPEN: Stocks directionless but pound down after UK CPI

(Alliance News) - Stock prices in London opened largely lower on Wednesday as inflation in the UK slowed by slightly more than forecast in January, though remained in double digits.

CORRECT: LONDON BRIEFING: UK inflation cools to 10.1%

(Correcting New York closing indices.)