AB InBev: Corona brewer’s losses near £200m despite major improvement Business The UK arm of AB InBev, the brewing giant behind the likes of Budweiser, Stella Artois and Corona, has now lost almost £200m since it last made a pre-tax profit after continuing in the red in 2024, it has been revealed. The London-headquartered division has reported a pre-tax loss of £20.9m for its latest financial [...]
Wetherspoon, Marston’s and Young’s manage to fend off UK pubs crisis – for now hospitality Some of the UK’s biggest pub chains – JD Wetherspoon, Marston’s and Young’s – have all proved surprisingly resilient in avoiding the hospitality crisis predicted last Autumn. The London-listed companies have all reported better-than-expected trading over the last year, despite very low business and consumer confidence. In an update to markets this morning, Marston’s reported [...]
Fevertree shares spike on ‘transformational’ deal with Molson Coors Retail Fevertree shares have soared more than 20 per cent after the drinks company announced a tie-up with Coors and Carling owner Molson Coors. The agreement will see Molson Coors handle the exclusive sales, distribution and production of the Fevertree brand in the US. Analysts were uniformly positive about the deal, and expected both businesses to [...]