Reuters: Hot Stocks: Coke Enterprises shares slide after warning

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Coke Enterprises shares slide after warning Jun 11th 2013, 15:18 June 11 | Tue Jun 11, 2013 11:18am EDT June 11 (Reuters) - Coca-Cola Enterprises Inc 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 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)

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