date:Dec 13, 2012
Coca-Cola Amatil shares slumped after the company said soft consumer spending, and competitive discounting, is affecting sales growth of its beverages.
CCA chief executive Terry Davis said the trading environment in its core Australian business ''remains challenging'' although it had improved momentum in the lead-up to Christmas.
''Consumer spending levels continue to be soft, a continuation of the trend we have experienced over the past 18 months, while price-driven competitor activity dur