European soft drinks value growth slowed to 4.6% in the four weeks to 6 September from 12.0% previously, as volume growth moderated sharply, Jefferies said. Volume growth eased to 1.4% from 9.2%, while price and mix contributions increased to 3.2% from 2.8%, with the broker pointing to favourable weather as support.
Coca-Cola Europacific Partners PLC (LSE:CCEP, NASDAQ:CCEP) was hit by profit-taking after the drinks bottler reported higher first-half profit and reaffirmed its full-year guidance. The shares fell 4.3% to 7,710p, having hit an all-time high in the run-up to the interim results.
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