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Today's data summary

Market open
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Price US dollars
As of 14:24 22 Aug 2019
Market cap. US dollars
231,975.65 million
As of 14:24 22 Aug 2019

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Coca-Cola wins in Monster energy row

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Coca-Cola can go ahead and produce an energy version of its famous soft drink after winning an arbitration claim against Monster Beverage.

Monster had attempted to stop the launch of Coca-Cola Energy last year.

Coca-Cola is the distributor of Monster and a shareholder in the company. Monster accused Coca-Cola of violating a non-compete agreement struck in 2015.

Costa clearance

Costa coffee machine

The European Commission has cleared the sale of the Costa Coffee chain to US drinks maker Coca-Cola from British restaurant and hotel owner Whitbread.

"The Commission concluded that the proposed acquisition would raise no competition concerns because the companies do not sell the same products and the links between their activities are limited," the EU executive said in a statement.

Coca-Cola buys Australian kombucha maker

Bottles of Coca Cola are displayed at a market on April 16, 2013 in San Francisco, California.
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The Coca-Cola Company has purchased an Australian kombucha maker, further expanding its offerings beyond soda.

The company did not say how much it paid for Organic & Raw Trading Co., which makes the MOJO brand of kombucha, which is fermented, slightly alcoholic tea.

In its announcement, Coca-Cola said kombucha is the fastest growing beverage category in Australia.

For those of you wondering, some people believe kombucha is probiotic and therefore good for health - but there have not been enough scientific studies done to determine whether that is true or not.

Royal Mail leads FTSE risers

Royal Mail
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The FTSE 100 has extended falls and is now trading down 0.53% at 7,418.49.

Royal Mail is now leading the blue chip risers, up 2.4% at 469.5p while bottling group Coca-Cola HBC is the biggest faller, down 2.7% at £25.85.

William Hill is now up 5.7% at 262.7p after signing a partnership deal with Eldorado Resorts to expand its US operation.

The wider FTSE 250 is down 0.25% at 20,498.64.