AB InBev faces sobering sales November 12, 2009 THE world’s biggest brewer, Anheuser-Busch InBev, faces a sobering mix of falling sales and a falling thirst for beer in its major world markets. In a third quarter update yesterday, the recently-merged AB InBev, brewer of Stella Artois and Budweiser, said total beer volumes slumped 5.1 per cent to 106.6m hectolitres due to weakness in [...]
MillerCoors profits up on cost control measures November 4, 2009 MILLERCOORS, the second-biggest brewer in the US, yesterday reported a 28 per cent rise in third-quarter net income as it found an extra $200m (£121m) of cost savings resulting from its 2008 merger with SABMiller. The combined operation, which produces Miller Lite and Coors Light, said underlying net income in the quarter was $244.4m with [...]
Ski season classics October 25, 2009 IT’S a favourite debate among snow nuts – which continent lays claim to the best skiing? When you’ve got the multi-valley likes of Val D’Isere and Verbier up against Rocky Mountain resorts such as Aspen, Steamboat and Vail; Whistler inCanada, Snowbird in Utah and Lake Tahoe in the Sierra Nevada range, it comes down to [...]
How London fell for American cuisine January 27, 2010 FIVE years ago, McDonalds was the best-known export of US cuisine in London. Yes, there have been other venues dedicated to that fine nation’s culinary tradition, such as Joe Allen and the Chicago Rib Shack, which have both been around since the 1970s. But mostly it’s been burgers and bad steaks, confined to slightly grotty [...]
Hop & glory May 27, 2009 MOST people, when they think of a thirst-quenching beer for summer, probably go no further than lager. Now, there is nothing wrong with a good lager, the problem is simply that there are plenty of sub-standard ones about. The pints of fizz flowing from the beer-taps of many pubs are second-rate and suffer from mass-production. [...]
Hop & glory May 27, 2009 MOST people, when they think of a thirst-quenching beer for summer, probably go no further than lager. Now, there is nothing wrong with a good lager, the problem is simply that there are plenty of sub-standard ones about. The pints of fizz flowing from the beer-taps of many pubs are second-rate and suffer from mass-production. [...]
InBev finally buys maker of Budweiser July 15, 2008 American brewing giant AnheuserBusch yesterday succumbed to a $52bn (£26bn) takeover bid from InBev, creating the world’s largest brewer and ending a month of acrimony between the two firms. InBev increased its offer for the maker of Budweiser to $70 a share, up from its original bid of $65 a share, marking a premium of [...]
New InBev offer appeals to Anheuser July 14, 2008 Brewing giant InBev has upped its takeover bid for American rival Anheuser-Busch to $50bn (£25bn), and yesterday appeared confident of winning agreement to close the deal. After a month-long stand off between the two firms, InBev increased its offer for the Budweiser maker to $70 a share, up from $65 a share, or $46.3bn. The [...]
Alliance & Leicester snapped up as bid fever returns to the City July 15, 2008 A frenzy of merger and acquisition activity, spearheaded by Spanish bank Santander agreeing to buy Alliance & Leicester for £1.3bn, returned to the markets yesterday causing stocks to rally. The oil and gas sector was the centre of much of the bid action, with Imperial Energy, the developer of Russian oil reserves, soaring 18 per [...]