Coca-Cola Beverages has strong debut in London

Article Abstract:

Coca-Cola Beverages PLC had a strong start on the London Stock Exchange, closing at 178 pence on Jul. 13, 1998, well above its indicated price of 160 pence. The offering, which was around 13 times oversubscribed, gave Coca-Cola Beverages a market value of about 1.7 billion pounds sterling at the indicated price of 160 pence. Traders said the company's stock showed a healthy base price and sustainable investor interest. Most traders said they expected Coca-Cola Beverages' stock to continue its strong performance eventhough the first day's trading obviously benefited from the lack of stock.

Comment:

Has a strong start on the London Stock Exchange, closing at 178 pence on 7/13/98, well above its indicated price of 160 pence

Canned & Bottled Soft Drinks, Soft Drink Manufacturing, Organizational history, Soft drinks, Article, Coca-Cola Beverages PLC

---

Orange shares get a lift after jump in number of cellphone subscribers

Article Abstract:

Orange PLC saw its share value rise as it posted higher-than-expected subscription figures for the second-quarter of 1999. The company also predicted that 50% of the UK's population would own cellular telephones by the year 2001. For the quarter, Orange posted 430,000 new customers. Market analysts had predicted approximately 45,000 customers. Orange accelerated by three years its prediction of having 50% penetration into the cellphone services market.

Comment:

Share value rises as co posts higher-than-expected subscription figures for second-quarter of 1999

Sales & consumption, Cellular and Other Wireless Telecommunications, Mobile Radio Services, Telecommunications services industry, Telecommunications industry, Statistics, Wireless communications services, Orange PLC

---

Similar abstracts:

• Abstracts: Medeva gains as cancer drug gets U.S. approval. Fidelity is top holder of Sumitomo Mitsui. U.K. tech IPO climbs 17% in debut
• Abstracts: Financial services strategies in the Euro-zone. Managing the aftermath: lessons from the Royal Bank of Scotland's acquisition of NatWest
• Abstracts: Logica seeks buys in U.S., posts 49% jump in profit. News Corp. reports annual profit surged
• Abstracts: Portugal has no plans to privatize CGD. Y2K leaves ECB scratching its head: bank is unsure of millennial effect on policy

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.