Employers urged to stop asking jobseekers about their previous salary November 18, 2021 Employers are being urged to stop asking jobseekers about their previous salary amid concerns it is keeping women on lower wages and contributes to the gender pay gap. The Fawcett Society said asking about past salaries during recruitment was “pointless” because many people lied about what they previously earned. The campaign group warned that asking [...]
World’s largest brewer AB InBev upgrades earnings growth forecast after success in Brazil October 28, 2021 Budweiser maker AB InBev has upgraded its earnings growth forecast for 2021 after it reported a surprise jump in profit. An unexpected third-quarter profit increase came after the world’s largest brewer’s beer sales were boosted by Brazilian consumers. The Belgium-based brewer said on Thursday it anticipated EBITDA to grow between 10 per cent and 12 [...]
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 [...]
London-born Eastenders actor claims he is facing deportation to Jamaica May 6, 2021 A London-born actor has claimed he is facing deportation to Jamaica, just days after the Home Office opened visa pathways for winners of awards. After battles with the Home Office, Ace Ruele Aristotles’ Limited Leave to Remain was downgraded to temporary and must be renewed every 30 months, costing £2,389 each time. “Why should I [...]
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 [...]
TDR Capital makes £2bn offer for Glastonbury power supplier Aggreko February 5, 2021 TDR Capital makes £2bn offer for Glastonbury power supplier Aggreko
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 [...]
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: [...]
Tough to swallow: Brewing giant AB InBev slapped with €200m fine over import restrictions May 13, 2019 The world’s largest brewer has been slapped with a €200m (£172m) antitrust fine from the EU today for restricting cross-border sales of beer. AB InBev was handed the penalty by the European Commission, which said the firm abused its dominant position on the Belgian beer market by hindering cheaper imports of its Jupiler beer from [...]