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 [...]
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) [...]
Chief executive of struggling Kraft Heinz to step down April 22, 2019 Kraft Heinz has today announced that chief executive Bernardo Hees is to step down and be replaced by Miguel Patricio, an executive at drinks giant Anheuser-Busch InBev (AB InBev). Read more: Kraft Heinz share price plunges as SEC probe and losses spook Wall Street The US food company said that Patricio, who is Portuguese, will on 1 [...]
Drinks giant AB InBev rebrands as Budweiser Brewing Group UK&I March 25, 2019 Beer behemoth AB InBev has changed its UK name to Budweiser Brewing Group UK&I as it doubles down on its commitment to the region after Brexit. The world’s biggest brewer, whose brands include Budweiser and Stella Artois, said the more recognisable name will boost awareness of the company and marks the firm’s latest show of [...]