Ed Warner: Manchester United should have refused to tear up Cristiano Ronaldo contract November 24, 2022 Watching Cristiano Ronaldo’s conversation with Piers Morgan I was instantly reminded of Princess Di’s (in)famous interview with Martin Bashir, so much in the news in recent months. No sense here though that the footballer was duped into his doe-eyed criticisms of Manchester United – certainly not if we accept Morgan’s subsequent justifications for the guest [...]
Boris Johnson hails £9.7bn in 2021 foreign investment at UK summit October 18, 2021 Boris Johnson will talk up £9.7bn in foreign investment deals the UK has attracted this year as he opens the three-day Global Investment Summit tomorrow. Johnson will open the summit, before having a “fireside chat” with Microsoft founder Bill Gates as the government continues its bid to increase business investment post-Brexit. However, the Prime Minister’s [...]
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 [...]
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 [...]
Rivian: America’s next top model? November 26, 2021 In 2020, despite a global pandemic making it more difficult for anybody that wanted to grab a beer at the end of a long work-day, Anheuser-Busch – the makers of Budweiser and a whole range of other alcoholic drinks – brought home revenues of a cool $46bn. Listed in New York, its market cap stands [...]
AB Inbev boss Carlos Brito to step down after 15 years at the helm May 6, 2021 AB Inbev chief executive Carlos Brito is stepping down after 15 years in the top job, marking the end of an era for the brewing giant. Brito, who has worked at the company for 32 years, is credited with transforming the company from a regional Brazilian brewery into the world’s largest beer maker. He will [...]
Exclusive: London set to host at least two NFL games from 2022 onwards March 30, 2021 NFL chiefs are set to approve plans guaranteeing London hosts at least two regular season games from the 2022 season onwards. According to internal documents seen by City A.M., NFL team owners will vote on proposals to host four international games a year – two in London, one in either Berlin or Munich and one [...]
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 [...]
Budweiser owner AB InBev ‘exploring’ Hong Kong IPO of Asian business May 7, 2019 Budweiser owner Anheuser-Busch InBev (AB InBev) is exploring a public listing of its Asian business in Hong Kong, the drinks giant confirmed this morning as it reported its results for the first quarter of the year. The figures Revenue was up 5.9 per cent to to $12.85bn and earnings before interest, tax, depreciation and amortisation (Ebitda) [...]
Budweiser owner AB InBev ‘exploring’ Hong Kong IPO of Asian business May 7, 2019 Budweiser owner Anheuser-Busch InBev (AB InBev) is exploring a public listing of its Asian business in Hong Kong, the drinks giant confirmed this morning as it reported its results for the first quarter of the year. The figures Revenue was up 5.9 per cent to to $12.85bn and earnings before interest, tax, depreciation and amortisation (Ebitda) [...]