Coca-Cola HBC, Brammer and 32Red

“Blue-chips continued yesterday’s downward trajectory following the Bank of England warning over a possible recession if the UK votes to leave the EU, dropping below 6100 in early trading and mirroring falls in Asia,” says AJ Bell Investment Director Russ Mould.

“Bottling firm Coca-Cola HBC failed to fizz despite seeing improving trends in both established and emerging markets. Overall net sales revenues fell in the first quarter due to weak emerging market currencies and the strong euro. Pricing trends were soft in the quarter but developing markets are improving and there is encouraging volume growth in both emerging and developing markets.

“Industrial maintenance, repair and overhaul products group Brammer has maintained its full-year guidance but there will be an increased weighting towards the second half. Challenging trading in the UK and Nordics is being partly offset by growth in Continental Europe and it is on target to deliver on its £30m stock reduction programme by September.

“Online gaming company 32Red’s shares jumped after like-for-like net gaming revenues rose by 39% in the first 19 weeks of the year. Including the contribution from online casino gaming company Roxy Palace, which 32Red bought last year, net gaming revenues grew by 71%.”

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