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Coca-Cola HBC  (Shares) Coca-Cola HBC has lagged the wider stockmarket this year. But there is plenty of upside for the soft-drink bottling group as the global economy reopens. A first-quarter trading update showed that despite Covid-19 restrictions continuing, sales were up by 6.1% year-on-year. The company’s “geographic diversity” also allowed it to benefit from “accelerating sales in emerging markets”, with Russia and Nigeria both posting double-digit growth. 2,509p Marks & Spencer  (The Sunday Telegraph) Marks & Spencer (M&S) has had a series of “turnaround” executives who have failed to tackle the “deep-seated decline in its fortunes”. Its record pre-tax profit of £1.2bn was achieved in 1998. Last year’s figure was just £67.2m. But new executives Archie Norman and Steve Rowe could turn that around. Norman grasps what customers want: “a clearly understandable product range that offers reliable quality and value”. Concentrating on a smaller range

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