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 [...]
BT chair Jan du Plessis steps down to ‘focus on other interests’ March 1, 2021 BT chair Jan du Plessis will step down from the board less than four years after joining the telecoms firm. The former Rio Tinto chair joined BT as a non-executive director in June 2017 and was appointed chair that November. Prior to his role at the telecoms giant, du Plessis was chairman of SABMiller when [...]
World’s largest brewer AB InBev toasts better-than-expected lockdown sales February 25, 2021 Anheuser-Busch InBev, the world’s largest brewer, has reported a better-than-expected core profit in the final quarter of 2020 and said it expected earnings to be “meaningfully” better this year. The brewer behind major beer brands including Budweiser and Stella Artois saw revenue hike 4.5 per cent in the three months to December, marking a strong [...]
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 [...]
EDF acquires electric car charging firm Pod Point in £100m deal February 13, 2020 EDF has bought a majority stake in electric vehicle charging point manufacturer Pod Point as part of a deal worth more than £100m, City A.M. understands. The tie-up also forms part of a new joint venture with Legal & General Capital, in which the latter will also take a 23 per cent stake in Pod [...]
Coronavirus: Ikea shuts mainland China stores following outbreak January 29, 2020 Ikea is the latest company to announce it will temporarily close stores in China due to the outbreak of coronavirus. The Swedish retailer will shut around half of its 30 stores in mainland China until further notice to help halt the spread of the disease, the company’s owner Ingka Group said. Other global chains including [...]
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 [...]
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 toasts $16bn sale of Australian beer business to Japanese group Asahi July 19, 2019 The world’s largest brewer AB InBev has offloaded its Australian business to Japanese group Asahi as it looks to pay down its debt. In a deal worth $16bn (£9bn), the owner of Budweiser, Corona and Stella Artois is calling time on its Australian subsidiary, Carlton & United Breweries. Read more: New tube map shows you [...]
Budweiser blues: AB InBev scraps plans for largest IPO of 2019 July 13, 2019 The world’s largest brewer has abandoned plans for a blockbuster initial public offering (IPO). Budweiser owner AB InBev cited weak market conditions as it pulled the plug on a $9.8bn (£7.8bn) listing on the Hong Kong Stock Exchange. The float, which was billed as the world’s largest IPO of 2019, comes against a backdrop of [...]