Naked Wines appoints new boss as retailer struggles for survival February 5, 2024 Loss-making Naked Wines has named its new chief executive four months after its former boss Nick Devlin was ousted amid a challenging period for the company.
AB InBev scraps dividend as home drinking pushes up costs October 29, 2020 AB InBev, the world’s largest brewer, has scrapped its interim dividend as it announced this morning that quarterly profit dipped as the shift to drinking at home increased its costs. The firm, which owns Budweiser and Stella Artois, reported a surprise jump in sales as people drank more at home during the coronavirus pandemic. Overall [...]
Heineken sales elevated as beer drinkers brush off price increases August 1, 2022 Brewer Heineken has seen beer sales leap in the first half of the year, despite growing pressures on consumers’ budgets. The drinks behemoth had seen “demand resilient until now despite mounting inflationary pressures on consumers’ disposable income,” according to Heineken chairman and CEO Dolf Van Den Brink. However, the brewer warned increasing costs meant it [...]
Billionaire beer heir and George Osborne enter the fray in Chelsea sale race April 18, 2022 An American billionaire beer heir and former chancellor George Osborne have joined separate bids to buy Chelsea Football Club, with a decision on the sale now expected this month. Sky News reports Alejandro Santo Domingo, who sits on the board of Budweiser owner AB InBev, is a part of an investor group led by ex-Liverpool [...]
Qatar World Cup: In dramatic U-turn alcohol banned in stadiums, Budweiser outraged November 18, 2022 Qatar World Cup officials have launched a stunning and abrupt U-turn, banning alcohol in its stadiums. The tiny Gulf kingdom is set to outlaw the consumption of beer in grounds, owing to its strict Muslim laws which prohibit alcohol. It had been promised before the tournament there would be areas where fans could drink, with [...]
Days: Meet the lively pair turning alcohol-free beer into more than a trend January 9, 2024 Here we go again – Dry January, the month in which avid pub-goers try to kickstart a healthier year ahead. You might think that means boom-time for brewers of non-alcoholic beer. But for Edinburgh-based Days Brewing, it’s just another month; 2023 saw the company sell more than a million of their lager and pale ale [...]
Siemens loses £512m as it gears up for full Russian exit after 170 years May 12, 2022 Siemens is set to face a €600m (£512m) hit in the second quarter after announcing its full exit from the Russian market after 170 years.
AB InBev revives Budweiser Asia listing September 12, 2019 Budweiser owner Anheuser-Busch InBev is reconsidering listing its Asia business on the Hong Kong Stock Exchange after it shelved an initial public offering plan earlier this year. AB InBev confirmed today that it has resumed its application for the listing of a minority stake of its shares on the Hong Kong Stock Exchange. Read more: [...]
AB InBev prices revived Budweiser Asia listing at lower end of projections September 24, 2019 Budweiser owner Anheuser-Busch InBev has priced the revived listing of its Asian business at the bottom of the marketed range, far less than it had hoped to raise when it first tried to list the unit in July. AB InBev priced the revived initial public offering (IPO) on the Hong Kong Stock Exchange to raise [...]
Budweiser invests £115m in UK breweries to pour an extra 630m pints a year March 4, 2021 Budweiser has announced plans to invest more than £115m in its two major UK breweries to improve their infrastructure and create jobs. The beer firm, which is part of drinks giant AB Inbev, will install modern equipment at its South Wales and Lancashire sites to expand capacity in brewing, canning and bottling. The investment will [...]