CITY CELEBRATES TOP 50 LADIES IN BUSINESS October 1, 2009 TO Borough Market last night for the launch of the FT Top Fifty Women in World Business, held in the sumptuous surroundings of Roast restaurant. Not many of the illustrious ladies made it to sample the corking canapés, mind, since most – including PepsiCo’s Indra Nooyi, the top-ranked world businesswoman, and Kraft boss Irene Rosenfeld, [...]
CITY CELEBRATES TOP 50 LADIES IN BUSINESS October 1, 2009 TO Borough Market last night for the launch of the FT Top Fifty Women in World Business, held in the sumptuous surroundings of Roast restaurant. Not many of the illustrious ladies made it to sample the corking canapés, mind, since most – including PepsiCo’s Indra Nooyi, the top-ranked world businesswoman, and Kraft boss Irene Rosenfeld, [...]
Rexam pursues cash call to protect rating July 26, 2009 DRINKS can maker Rexam is considering launching a £350m cash call this week to reassure investors over its massive £2.7bn debt pile. The group said that tough trading conditions would hit its ability to pay down its debt next year. Rexam, whose clients include Coca Cola and Pepsi, is desperately trying to preserve its investment [...]
Rexam pursues cash call to protect rating July 26, 2009 DRINKS can maker Rexam is considering launching a £350m cash call this week to reassure investors over its massive £2.7bn debt pile. The group said that tough trading conditions would hit its ability to pay down its debt next year. Rexam, whose clients include Coca Cola and Pepsi, is desperately trying to preserve its investment [...]
Rexam unveils its 350m cash call July 29, 2009 REXAM, Europe’s biggest drinks can maker, yesterday announced a fully underwritten £350.7m cash call to protect its investment grade credit rating. The company, which manufactures cans for Pepsi Bottling Group and Red Bull, is the first firm to launch a rights issue to maintain its credit rating, rather than from a distressed or opportunistic position. [...]
ANALYST VIEWS: DOES BRITVIC’S TRADING UPDATE QUENCH YOUR THIRST? July 14, 2009 SIMON HALES NUMISGood weather conditions have helped market growth, especially in June, but importantly Britvic continues to significantly outperform the market in Great Britain. Ireland has deteriorated but the cost savings programme remains on track. Ireland remains a relatively small part of the business, but it will become increasingly part of the company. We hope [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 22, 2009 FINANCIAL TIMES PORSCHE CHIEF AT RISK IN RESCUEPorsche’s feuding family owners were last night locked in a board meeting trying to hammer out the terms of a rescue of the debt-ridden sports car maker and debating the future of Wendelin Wiedeking, the company’s chief executive. One person close to Porsche said that the prospect of [...]
Britvic sales fizzing due to sports deals July 14, 2009 SOFT drinks company Britvic yesterday reported a 5.9 per cent jump in revenues for the three months to 5 July, boosted by a summer of sports sponsorship deals. The group reported a three per cent rise in still drink volumes and an 8.3 per cent jump in revenues, largely thanks to its squash brand Robinsons, [...]
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 [...]
Party like it’s 1999 November 2, 2005 Mergers and acquisitions are back and they’re almost as lucrative as they were during the last feverish round. It’s a throwback to the turn of the century: multibillion pound mergers are announced by the day, the stock market is soaring, city pubs and wine bars are buzzing. All that’s missing is the sight of grown [...]