Reuters: Global Markets: Coke Enterprises shares slide after warning

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Coke Enterprises shares slide after warning Jun 11th 2013, 15:24 Tweet Share this Email Print Related News PepsiCo rethinks U.S. pricing to attract more daily buyers Wed, May 22 2013 Campbell Soup beats Street estimate, raises outlook Mon, May 20 2013 Related Topics Hot Stocks » Asian Markets » Logos are seen on Coca-Cola bottles in Zurich, February 16, 2011. Credit: Reuters/Christian Hartmann Tue Jun 11, 2013 11:24am EDT (Reuters) - Coca-Cola Enterprises Inc (CCE.N) shares fell after the company warned that persistent economic weakness in Europe, bad weather, a sharp excise tax increase in France and fierce competition in Britain have dampened its outlook for the second quarter. Shares of the European bottler of Coca-Cola (KO.N) drinks fell 3 percent in morning trade to $36.06 on the New York Stock Exchange after it said those factors have been "unexpectedly persistent". "Though we expect some of these challenges to abate as we move through the year, we will better understand the full-year impact of these factors as we move deeper into the prime summer selling season," said Chief Executive John Brock in a statement. (Reporting by Martinne Geller in New York; Editing by Gerald E. McCormick) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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