Coca-Cola reports £1bn profits

Wednesday, February 08, 2012 - 01:00 PM

Coca-Cola has reported better-than-expected quarterly results and a cost-savings programme in an attempt to boost its brands.

It made profits of just over £1bn with revenues and market share both rising.

Rival Pepsi is also expected to confirm a major advertising campaign in the coming days as drinks manufacturers look to offset higher costs of raw materials.