WHAT THE OTHER PAPERS SAY THIS MORNING April 16, 2012 FINANCIAL TIMES AB InBev takes over Dominica’s CND Anheuser-Busch InBev is to pay $1.24bn for control of fellow brewer Cervecería Nacional Dominicana. Cautious go-ahead for fracking The future of hydraulic fracturing – known as fracking – the contentious natural gas extraction technology – has been boosted after a report cleared the way for a company [...]
AB InBev offets weakness with price hike August 11, 2011 Anheuser-Busch InBev, the world’s largest brewer, lifted core profit in the second quarter as price rises compensated for weak beer sales in its main markets of the United States and Brazil. The maker of Stella Artois and Budweiser said on Thursday that in the United States shipments of its own beer fell 1.7 per cent, [...]
AB InBev ups price to cover slowing sales August 11, 2011 ANHEUSER-BUSCH InBev, the world’s largest brewer, lifted core profit in the second quarter as price rises compensated for weak beer sales in its main markets of the US and Brazil. The group, which makes Stella Artois, Beck’s and Budweiser, said beer volumes in the UK had fallen by 17 per cent after it came up [...]
AB InBev ups price to cover slowing sales August 11, 2011 ANHEUSER-BUSCH InBev, the world’s largest brewer, lifted core profit in the second quarter as price rises compensated for weak beer sales in its main markets of the US and Brazil. The group, which makes Stella Artois, Beck’s and Budweiser, said beer volumes in the UK had fallen by 17 per cent after it came up [...]
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 [...]
SABMiller goes hostile with $6bn bid for Foster’s August 17, 2011 Global brewer SABMiller went hostile with its $10bn (£6bn) bid for Australia’s Foster’s Group, going direct to shareholders on Wednesday at a discount to Foster’s last trade. A deal would join together the brewer of Miller Lite, Peroni and Grolsch with the Melbourne-based maker of Victoria Bitter, Pure Blonde and Cascade beer, and would be [...]
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 [...]
SABMiller snaps up shares in Foster’s August 21, 2011 SABMILLER has quietly bought around £120m shares in Foster’s over the course of several months as it pursues a hostile $10bn (£6bn) bid. The Anglo-South African drinks giant built the stake through buying shares from hedge fund managers. It is understood this was done over the course of several months rather than a few days. [...]
SABMiller snaps up shares in Foster’s August 21, 2011 SABMILLER has quietly bought around £120m shares in Foster’s over the course of several months as it pursues a hostile $10bn (£6bn) bid. The Anglo-South African drinks giant built the stake through buying shares from hedge fund managers. It is understood this was done over the course of several months rather than a few days. [...]
SABMiller prepares new assault on Foster’s August 10, 2011 Global brewer SABMiller is set to renew its assault on Australian bid target Foster’s later this month with a slightly higher offer likely to succeed after rival bidders fail to appear, bankers and investors told Reuters. The London-based brewer will wait for Foster’s full-year results on 23 August, which will make dismal reading with beer [...]