Latest news with #consumerstrength
Daily Mail
6 days ago
- Business
- Daily Mail
Shares in Coca-Cola bottling firms shattered as tariffs hit
Shares in London-listed firms that bottle Coca-Cola outside of the US plunged on Wednesday as investors weighed the impact of weaker consumer strength as well as trade tariffs. Coca-Cola HBC and Coca-Cola Europacific Partners, which bottle Coca-Cola and other drinks in different regions, have been raising prices to shield margins from elevated costs and lower spending. The pair were the biggest fallers on the FTSE 100 by early afternoon despite solid first half trading updates, as each firm's chief executive acknowledged a challenging backdrop. HBC, which bottles drinks in 29 counties including Italy, Russia and Nigeria, forecast annual organic revenue growth at the top end of its 6 to 8 per cent guidance range but fell short of average market estimates of 8.8 per cent. Its first half volumes were broadly in line with last year, despite 'low-single digit' declines in fizzy drinks and coffee sales, amid 'ongoing headwinds from consumer sensitivity in some markets'. Coca-Cola HBC shares were down 7 per cent to 3,650p by midafternoon. That was despite UBS analysts describing volume growth as 'best in class' and the firm hiking prices to offset prior year foreign exchange devaluations. Meanwhile, Coca-Cola Europacific Partners, which operates in 31 countries in Western Europe, Australia, Asia Pacific and Southeast Asia, guided investors to expect revenue growth of 3 to 4 per cent, down from an earlier forecast of about 4 per cent. The group cited 'uncertainty and volatility from the impact and extent of actual and promised tariff adjustments' among its principal risks, but reiterated full-year profit guidance. Boss Damian Gammel said: 'While the global macroeconomic environment is volatile, we remain resilient. Strong cash generation is supporting record investment in future growth.' Coca-Cola Europacific Partners fell 7 per cent to 6,730p. The bottlers have over the past year also faced backlashes from consumers in Indonesia, where CCEP operates, and Egypt, where HBC operates, as consumers shied away from US brands due to Israel's war in Gaza.
Daily Mail
6 days ago
- Business
- Daily Mail
Shares in Coca-Cola bottling firms shattered as tariffs hit and consumer demand loses its fizz
Shares in London-listed firms that bottle Coca-Cola outside of the US plunged on Wednesday as investors weighed the impact of weaker consumer strength as well as trade tariffs. Coca-Cola HBC and Coca-Cola Europacific Partners, which bottle Coca-Cola and other drinks in different regions, have been raising prices to shield margins from elevated costs and lower spending. The pair were the biggest fallers on the FTSE 100 by early afternoon despite solid first half trading updates, as each firm's chief executive acknowledged a challenging backdrop. HBC, which bottles drinks in 29 counties including Italy, Russia and Nigeria, forecast annual organic revenue growth at the top end of its 6 to 8 per cent guidance range but fell short of average market estimates of 8.8 per cent. Its first half volumes were broadly in line with last year, despite 'low-single digit' declines in fizzy drinks and coffee sales, amid 'ongoing headwinds from consumer sensitivity in some markets'. Coca-Cola HBC also said US tariffs imposed on Chinese and European goods are expected to 'drive inflation and slow growth'. Boss Zoran Bogdanovic added: 'We are mindful of what is a challenging and unpredictable macroeconomic and geopolitical environment.' Coca-Cola HBC shares were down 7 per cent to 3,650p by midafternoon. That was despite UBS analysts describing volume growth as 'best in class' and the firm hiking prices to offset prior year foreign exchange devaluations. Meanwhile, Coca-Cola Europacific Partners, which operates in 31 countries in Western Europe, Australia, Asia Pacific and Southeast Asia, guided investors to expect revenue growth of 3 to 4 per cent, down from an earlier forecast of about 4 per cent. The group cited 'uncertainty and volatility from the impact and extent of actual and promised tariff adjustments' among its principal risks, but reiterated full-year profit guidance. Boss Damian Gammel said: 'While the global macroeconomic environment is volatile, we remain resilient. Strong cash generation is supporting record investment in future growth.' Coca-Cola Europacific Partners fell 7 per cent to 6,730p The bottlers have over the past year also faced backlashes from consumers in Indonesia, where CCEP operates, and Egypt, where HBC operates, as consumers shied away from US brands due to Israel's war in Gaza.
Bloomberg
21-07-2025
- Business
- Bloomberg
Investors Are Not Impressed by Strong Start to Earnings
The second-quarter earnings season is off to a ripping start, with consumer strength powering resilient corporate profits. In the stock market, however, the reaction has been fairly quiet, an ominous sign that much of the good news is priced in — and investors are punishing disappointments. Take financials, which reported blockbuster numbers last week that failed to juice their shares.
Bloomberg
07-05-2025
- Business
- Bloomberg
6% Unemployment Predicted by the Oracle of Wall Street
Known as the Oracle of Wall Street, Meredith Whitney, the CEO of Meredith Whitney Advisory Group, says to expect 6% unemployment by the fall. She joined Bloomberg Open Interest to talk about the waning strength of the consumer. (Source: Bloomberg)
