Wilkins: Chelsea must pay up for wonderful Modric June 16, 2011 FORMER Chelsea No2 Ray Wilkins has welcomed the club’s pursuit of Tottenham playmaker Luka Modric, but admits their initial offer of £22m was far too low. The Blues are mulling whether to submit an improved bid for the Croatia midfielder after seeing their opening gambit rebuffed on Wednesday and yesterday called “ridiculous” by Spurs manager [...]
AB InBev beer sales drop as US jobs market and rainy Brazil take their toll May 4, 2011 ANHEUSER-BUSCH InBev, the world’s largest brewer, suffered its first drop in beer sales for a year and half as price hikes, rain in Brazil and high US unemployment deterred drinkers. However, the maker of Budweiser, Stella Artois and Beck’s said it expected volumes to improve from the second-quarter and forecast continued benefits from price rises [...]
AB InBev toasts volume rise March 3, 2011 COST cutting and drinkers in key markets splashing out on more expensive beers helped AB InBev to a strong performance over the past year. The world’s largest brewer said total sales for the year grew by 4.4 per cent to $36.3bn (£22.3bn). Despite a continuing decline in its US home market, the company’s flagship Budweiser [...]
What the other papers say this morning January 30, 2011 FINANCIAL TIMES BANKS WATCH BARCLAYS’ COCO PLANS Big banks on both sides of the Atlantic are weighing whether to follow Barclays as it pushes ahead with a plan to pay bonuses with innovative bonds, dubbed cocos. According to several banks present at last week’s World Economic Forum in Davos, the idea of using contingent convertible [...]
AB Inbev helped by Brazil sales November 3, 2010 Anheuser-Busch InBev yesterday reported a rise in third quarter profit, as a strong performance in emerging markets offset weakness in the US and Europe. The company, which brews Budweiser and Stella, said it expects the fourth-quarter of this year to be stronger than the third-quarter. Volumes in emerging markets such as Brazil and China rose [...]
AB InBev tips profit surge November 3, 2010 Anheuser-Busch InBev, the world’s largest brewer, forecast profit would grow at an even faster pace in the fourth quarter than the third after beer consumption shot up in growth markets Brazil, China and Russia. The brewer of Budweiser, Stella Artois and Beck’s said growth of its much-watched core profit (EBITDA) would be “materially” higher than [...]
AB InBev cheers a surge in beer sales August 12, 2010 THE World Cup in South Africa helped brewing giant AB InBev to record solid second quarter results. The maker of Stella Artois and Budweiser said UK beer volumes surged by 18.6 per cent between April and June and 11.4 per cent over the first half of the year, as fans stocked up for the World [...]
AB InBev to sell Bass as it puts focus on lager brands May 26, 2010 BASS has been put up for sale by its owner Anheuser-Busch (AB) InBev, the world’s biggest brewer. The estimated price tag of the beer, which was once Britain’s most popular, is between £10m and £15m. The sale of Bass could be followed by other small British brands including Boddingtons and Flowers. AB InBev, created through [...]
AB InBev boosted by Brazil May 5, 2010 Brewer Anheuser-Busch InBev earned more than expected in the first three months of 2010 as beer sales grew in booming Brazil but said World Cup marketing costs would hit second-quarter profits. The brewer of Budweiser, Stella Artois and Beck’s said yesterday core like-for-like earnings rose 5.1 per cent in January-March to $3.09bn (£2bn). AB InBev [...]
SABMiller nets World Cup Castle beer contract March 24, 2010 BREWER SABMiller will provide beer at fan parks during the 2010 World Cup, after reaching an agreement with the organisers of the tournament in South Africa. The decision will enable SABMiller’s South Africa unit to sell between 8-10m beers. SABMiller’s spokesman Nigel Fairbrass said: “We will be supplying Castle Lager and Castle Lite in the [...]