Top story
Coca-Cola Europacific Partners is set to return €1bn to shareholders following a “a great end to a solid year”.
Revenues increased 11.7% to €20.4bn at the group, but volumes were flat, with growth driven by price rises.
Sales in Great Britain nudged up 0.1% to €3.3bn, with an improvement seen in the fourth quarter as sales rose 2.3% to €866m. The rise was driven by headline price increases as volumes remained flat.
Full story available here at thegrocer.co.uk
Morning update
The CMA has delivered its findings in the infant formula case this morning and outlined a “clear path forward to help parents save hundreds of pounds a year”.
The infant formula study found that a combination of factors was leading to poor outcomes for parents, who could be saving around £300 a year by switching to a lower priced brand.
CMA CEO Sarah Cardell said: “We strongly encourage governments to act on the recommendations to stop well-intended regulation driving poor outcomes for consumers.”
The full story will be reported by The Grocer this morning.
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