The soft drink bottler Coca-Cola Enterprises saw its share price fall 18% yesterday, following second quarter results that fell short of analysts expectations.

Yesterday, CCE said it predicted a "difficult" third quarter and added that full year earnings were now expected to come in at the low end of estimates.

The company's shares finished yesterday on US$20.63, down US$4.40.

Announcing results yesterday, CCE said that it had been hit by poor weather in Europe. It reported that econd quarter operating income reached only US$451m, a 15% fall on the same period last year./

Excluding the US$41m of higher cost of sales, comparable operating income declined 7% for the second quarter and increased 14% for the first six months, the company said.