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☆ Coca Cola HBC withdraws some drinks in Croatia while illnesses investigated
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Arnd Wiegmann/File photo Acquire Licensing RightsZAGREB, Nov 8 (Reuters) - Coca Cola HBC said on Wednesday it was temporarily withdrawing batches of two soft drinks from sale in Croatia while the authorities there investigate cases of illness suspected to have been caused by the beverages. Earlier Croatia's state inspection office ordered the local arm of Coca Cola HBC, which distributes Coca-Cola products, to withdraw a batch of Coca-Cola Original Taste 500ml. At the weekend, a young man in the Adriatic town of Rijeka suffered throat injuries after consuming a Romerquelle Emotion drink. The individual is being treated in hospital, Health Minister Vili Beros said on Wednesday, later telling state television HRT that 13 other people across Croatia had also reported symptoms after consuming Coca Cola drinks. Coca Cola HBC said in its statement: "We are working closely with our customers throughout this process".

Persons: Arnd, Vili Beros, Antonio Bronic, Daria Sito, Mark Potter Organizations: REUTERS, Rights, Coca Cola HBC, Health, HRT, Thomson Locations: Glattbrugg, Switzerland, Rights ZAGREB, Croatia, Adriatic, Rijeka

The STOXX 600 (.STOXX) rose 0.1% by 1615 GMT, turning positive midway through the session after data showed the U.S. economy added the fewest jobs in 2-1/2 years in June. However, persistently strong U.S. wage growth pointed to still tight labour market conditions that cemented bets the Fed will resume raising interest rates, later this month. Traders stuck to bets the Fed will raise its benchmark interest rate this month to a 5.25%-5.5% range, but were sceptical of further hikes beyond that. The STOXX 600 fell 3.1% for the week, its worst performance since mid-March. Comments from European Central Bank President Christine Lagarde will be monitored later in the day.

Persons: Candice Tse, Christine Lagarde, Matteo Allievi, Shubham Batra, Shreyashi Sanyal, Ankika Biswas, Janane Venkatraman, Shinjini Ganguli, Barbara Lewis Organizations: Federal, Traders, Goldman Sachs Asset Management, Reuters, Coca Cola HBC AG, European Central Bank, Thomson Locations: U.S, China, Gdansk, Bangalore

☆ London stocks decline at open as rate hike fears persist
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

By 0712 GMT, the blue-chip FTSE 100 (.FTSE) lost 0.6%, while the more domestically-focussed FTSE 250 midcap index (.FTMC) fell 0.3%. Coca Cola HBC AG (CCH.L) jumped 3.6% after the bottler raised its 2023 profit expectation. The pharmaceuticals and biotech (.FTNMX201030) and utilities (.FTUB6510) sectors were amongst the top losers, down 1.1% and 0.9%, respectively. A key reading of U.S. jobs data due later in the day will be eyed to gauge the Federal Reserve's monetary tightening plans after the central bank kept rates steady in its previous decision. Reporting by Shashwat Chauhan in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Jefferies, Shashwat Chauhan, Eileen Soreng Organizations: Federal Reserve, Coca Cola HBC, Coca Cola HBC AG, Federal, Thomson Locations: Bengaluru

While the Fed is widely expected to raise rates by 25 basis points at its policy rate announcement at 1800 GMT, the hopes of a pause in increases have grown after a banking crisis that has threatened to hurt economic growth. Lloyds Banking Group (LLOY.L) edged down 0.8% despite beating quarterly profit estimates, as the bellwether lender echoed rivals in maintaining its full-year forecasts. However, energy stocks (.FTNMX601010) were a drag, down 1.2%, tracking weakness in crude prices. Haleon (HLN.L) lost 3.8% as the world's biggest standalone consumer health business reported first-quarter profit below analyst expectations. Luxury carmaker Aston Martin Lagonda (AML.L) lost 2.2% after it reported a narrower quarterly pre-tax loss and maintained its 2023 outlook.

☆ London's FTSE 100 muted as bank stocks fall; weaker pound limits losses
▼ + stars: | 2023-02-15 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) fell 0.1%, hovering near a record high. British lender Barclays (BARC.L) slid 8.3% to the bottom of the FTSE 100 and was set to post its biggest drop in nearly a year after reporting a 14% slump in full-year profit. The FTSE 350 banking index (.FTNMX301010) fell 1.9%, on track for its biggest one-day drop in more than two months. The pound edged lower after data showed British consumer price inflation fell more than expected in January and there were also drops in underlying measures of inflation that are being closely watched by the Bank of England. The FTSE 100 has had a stellar start to the year boosted by upbeat corporate earnings, rising more than 6% so far this year.

☆ Fries shortage resolved, successor to McDonald's in Russia eyes full reopening
▼ + stars: | 2022-09-20 | by ( Alexander Marrow | ) www.reuters.com time to read: +2 min

Oleg Paroev, CEO of Vkusno & tochka, or "Tasty and that's it", painted a positive picture of the company's first 100 days, but withheld specific details on sales, revenue, new products and import markets. The bumpy transition illustrates as Western companies have had trouble making a seamless exit from Russia, so too have new owners faced challenges when snapping up available assets. He added that potato supply had now been resolved, declining to say which countries now send potatoes to Russia. Since Sept. 16, Vkusno & tochka has been serving cola on tap, now offering Dobry Cola, after Coca-Cola (KO.N) depleted its stock. Bottler Coca Cola HBC AG (CCH.L), which is producing Dobry Cola, said it has no connection with the Coca-Cola Co.

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